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Tuff-Stuff

01/03/11 11:12 AM

#356379 RE: Tuff-Stuff #356378

Global catastrophes - including the BP oil spill, earthquakes in Haiti and Chile, flooding, heat waves and an air travel-paralyzing ash cloud from Iceland - made 2010 one of the six most loss-intensive years for insurance since 1980, Munich Re says. Some $37B of total losses were insured - and reinsurers are facing a soft market crimping their ability to hike prices.