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October 14, 2004

Reforms buffer insurers' losses; Hurricane lessons have come into play since Andrew in '92

More than one out of every five homes in Florida have been damaged by this year's hurricanes, according to the institute. Four of the 10 costliest hurricanes in U.S. history hit in a span of six weeks, the institute said.

Despite the staggering numbers, the Florida insurance industry -- and State Farm -- stand firm financially.

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Posted by Tom Troceen