Insurance firms limit their risk in disasters

by steven » Mon Apr 10, 2006 07:05 am
Posts: 1538
Joined: 02 Feb 2006

The companies that provide Americans with their homeowners' and auto insurance made a record $44.8 billion profit last year even after accounting for the claims of policyholders wiped out by Hurricane Katrina and the other big storms of 2005, according to the companies' filings with state regulators.

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