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August 25, 2004

Charley's insured losses: $6.8 billion

Hurricane Charley caused $6.8 billion in insured losses, according to a report Tuesday by Property Claim Services. PCS -- a unit of ISO, an independent provider of risk data and analysis to insurers, banks, governments and other organizations -- calculates the cost of disasters by compiling and analyzing claim information sent by insurers. It often provides the first loss estimates based on actual claims, rather than models

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Posted by Tom Troceen


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