Catastrophes cost US insurers a total of $8.8bn in 2006, according to the ISO's Property Claims Services.

Five states — Indiana, Missouri, Tennessee, Texas and Kansas — accounted for more than half the losses.

There were 33 catastrophic events during the year, but only one storm of catastrophe proportions — Tropical Storm Ernesto, which caused $250m worth of property damage.

ISO also indicated that insurers received more than 2.2 million claims for damage, with personal lines accounting for 58%, commercial lines 9% and vehicle claims 33%.

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