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The Property insurance market continues to face a wide range of challenges, from larger, more expensive losses to an evolving set of risks spawned by new technology in homes and contents of increased value, among other factors.

Significant catastrophe losses and lower-than-expected investment income have impacted premiums over the long term; the Property Casualty Insurers Association of America (PCI) recently reported that direct insured property losses from catastrophes occurring in the U.S. totaled $21.6 billion in 2016. This is a sharp increase from $15.2 billion in 2015, and above the $19.2 billion average direct catastrophe losses for the past 10 years.

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