Storm Insurance Effect Won't Rival Andrew
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MIAMI - Hurricane Charley probably will not cause Floridians' insurance premiums to skyrocket like 1992's Andrew, and fewer insurers should go bankrupt from paying out damages expected to reach the billions of dollars, state and industry officials said Saturday.    They say previous premium increases and overhauls made because of Andrew, the most expensive natural disaster in U.S...
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The Colorado State University hurricane forecast team Friday called for a slightly below-average hurricane season with only five hurricanes instead of the seven earlier forecast. It is second time they had revised downward their forecast in a month.
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Early loss data suggests the insurance  bill from Hurricane Frances, which wreaked havoc across Florida  at the weekend, may turn out to be lower than that of August's  Charley, UK insurer Amlin said on Monday.
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Wall Street is seen opening little  changed on Monday as crude prices remain high, but insurers may  dip on worries about their potential liabilities after a  hurricane struck Florida on Friday.
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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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Tropical Storm Ernesto didn't do much damage in South Florida, but it still ran up a tab.
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Hurricane Frances is expected to be  less costly for insurers than feared, though high winds and  flooding generated billions of dollars in damage in Florida and  brought the state to a virtual standstill during a three-day  holiday weekend.
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Despite promising changes, Congress has shown little enthusiasm for taking the unpopular steps that experts say are necessary to fix the nation's main flood insurance program.
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This was supposed to be another brutal hurricane season. But so far, the United States has been spared, and forecasters say one big reason is a low-pressure system off the East Coast that has been a shield against which storms just bounce off.
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If you want insurance coverage against floods, you need to get it sooner than you think.
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The physical impact of Hurricane Charley, which slammed into Florida on Aug. 14, was immediately visible: downed trees, caved-in roofs, smashed windows. But in economic terms, the full brunt of the Category 4 storm has yet to be felt. Action Economics ...
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Wildfires raging through Southern California should not cause major losses for home insurers such as Allstate Corp , Nationwide  and State Farm, according to a report by Goldman Sachs analyst Thomas Cholnoky on Tuesday.
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Fitch Ratings believes that even if the damage caused by Hurricane Charley -- estimated as a $5 billion to $10 billion insurance loss -- comes in at the low end of the estimates, it will rank the storm as the third largest insured US hurricane loss in ...
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Insurers held their breath on Friday as they waited to gain access to areas pounded by Hurricane Ivan, which some predicted at up to $10 billion could become the second-costliest storm in US history.
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Homeowner coverage is no catchall. Check yours before disaster strikes
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Hurricane Ivan may cost insurers less than first estimated after the third storm to hit the US in six weeks skirted New Orleans. US claims will probably total $2 billion to $7 billion, down from a previous
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By Mary Landers, Savannah Morning News, Ga.  Sep. 14--A proposed deepening of the Savannah Harbor won't substantially  worsen the effects of a hurricane storm surge on the river, according to a  U.S. Army Corps of Engineers study.