Allianz profit hit by hurricane
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German insurer Allianz sees profits slide as it absorbs the cost of 2004's devastating hurricanes, but its figures prove better than feared.
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Hurricane season has affected many corporations, with varying outcomes.
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The BellSouth Corporation, the third-largest Bell operating company, said yesterday that profit dropped 14.6 percent in the third quarter as expenses rose because of this summer&#39;s hurricanes and costs at its Cingular Wireless division.
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HCA Inc. HCA.N, the largest U.S.  hospital operator, said on Wednesday it expects its  third-quarter earnings to be hurt by the hurricanes that hit  the U.S. Southeast earlier this year.
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Financial services and insurance company Cincinnati Financial Corp. estimated pretax losses of $89 million, or 34 cents a share after tax, from catastrophic events in the third quarter, excluding Hurricane Jeanne.
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BellSouth Corp.  on Monday said third-quarter earnings fell due to storm damage in its region and the sale of some international assets.
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Berkshire Hathaway, the company run by billionaire investor Warren Buffett, reports a drop in quarterly profits after hurricanes cost it $816m (Â£439m).
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CNA Financial Corp. , one of  the largest commercial insurance firms in the United States,  said on Monday that it had a fourth quarter profit compared  with a loss a year ago, when it was hurt by claims from 2005's  Hurricane Wilma.
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Allstate Corp.  the second largest home and auto insurer in the United States, on Wednesday said profits fell largely because of hurricane related damage claims.
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Insurer St. Paul Travelers said the three major hurricanes that hit the US east coast in recent months will cut 45 cents from its third-quarter earnings per share.
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including hurricanes Charley, Frances, Ivan, and Jeanne -- contributed to $21.3 billion in insured property loss claims, says actuarial firm ISO.
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HCA Inc., the largest U.S. hospital chain, said on Friday its third-quarter earnings fell, hurt by hurricanes that hit the southeastern U.S. earlier this year, causing disruption and a drop in admissions at the company's hospitals in Florida.
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In the first major insurance fallout from four hurricanes that inflicted billions of dollars of damage in Florida, Allstate Corp. said Wednesday that it would restrict sales of insurance policies in the state.
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MILLIONS of pounds are likely to be wiped off profits at the Caribbean arm of furniture retailer Courts following the devastating impact of Hurricane Ivan.
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After Hurricane Ivan pummeled a wide  swath of land along the Gulf of Mexico Thursday, some U.S.  insurers swamped by the third major hurricane of 2004 might  find their profits gone with the wind.
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Hurricane Frances caused damage estimated at $200 million to Florida&#39;s citrus growers, on top of an estimated $285 million in losses from Hurricane Charley three weeks before, industry group Florida Citrus Mutual said Friday.
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Swiss insurance giant Zurich Financial Services AG on Wednesday reported a more than 35 percent jump in net profit for the first nine months of 2004, despite the impact of the most severe U.S. hurricane season in more than a century.