BRADENTON, Fla. — With the 2010 hurricane season set to begin June 1, Florida’s Citizens Property Insurance Corp. is preparing to price between $2 billion and $2.4 billion of debt to raise ready cash in case it is needed to pay claims for storm-related damages.

As it has done in previous years, the state-run, nonprofit CPIC is raising liquidity in case it is needed to pay a huge amount of property damage claims in a catastrophic event.

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