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You are visiting my site on: March 12, 2025

Day

August 5, 2007
Unnatural disaster A BILLION-DOLLAR DISASTER: Citizens Insurance had both the reinsurance and the cash on hand to handle Hurricane Rita (above is the aftermath in Cameron Parish), which was six times larger than the previous record event in the state. The insurance of last resort, however, was left with a billion-dollar debt. By Seth Fox...
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