Insurers face massive storm bill
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Insurers are counting the cost of Hurricane Charley in Florida, with early damage estimates reaching as high as $14bn (Â£7.6; 11bn euros).
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As hurricanes go, Charley stirred up a lot of trouble. The storm will go down as one of the most destructive in history. But it also stirred up trouble on Wall Street, igniting controversy about whether or not it&#39;s a good time to look at insurers.
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Florida homeowners are facing higher deductibles put in place to induce insurers to keep offering coverage there in the wake of  Hurricane Andrew more than a decade ago.
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Insurers are braced to pay out about  $7 billion in claims for devastation caused by Hurricane  Charley, making the storm the second most costly after  Hurricane Andrew, industry and government officials said on  Monday.
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The 2004 hurricane season is expected to be costly for insurers, with early estimates of $8bn (Â£4.5bn) of losses from just one of the storms that have hit the United States this year.
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Utilities and insurance companies are expected to try to recover massive expenses from the recent hurricanes, and consumers could be the ones who pay.
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MIAMI -- Four hurricanes in just six weeks are likely going to force Florida&#39;s top two insurers to raise rates or reduce their business in the state.
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As Florida was cleaning up yesterday from its fourth hurricane in six weeks, insurance executives and analysts said they expected the cost of coverage to rise sharply for millions of homes and businesses in the state.
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After Hurricane Ivan pummeled a wide swath of land along the Gulf of Mexico Thursday, some US insurers swamped by the third major hurricane of 2004 might find their profits gone with the wind.
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Hurricane Ivan looks set to cost tour operators as they race to get customers out of harm's way, though future bookings may not suffer too much.
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Business & money: Hit by the bad weather? Lisa Bachelor offers advice on dealing with your insurer.
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A growing number of insurance companies are adding high windstorm damage deductibles to homeowner policies.
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Association of British Insurers warns that cover may not be offered to up to 1m homes built on floodplains
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UK insurers were facing unprecedented scrutiny on Friday night after Eliot Spitzerâs assault on the industry in the US. As shock waves continued to reverberate from the New York attorney-generalâs decision
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European insurers face new costs and travel companies could lose business after tsunamis killed more than 22,000 in southern Asia this weekend, but the financial
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Last weekâs storm has cost the airline $10 million in refunds, $16 million in travel vouchers and $4 million in expenses like overtime.
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Thousands of Floridians will be getting insurance checks soon to help fix damage from Hurricanes Charley or Frances, but many will be surprised to learn how much of the repair bills they must pay themselves.