Hurricane Damage to Hit Allstate Profits
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Allstate Corp. ALL.N, the No. 2 U.S.  home and auto insurer, warned on Wednesday its third-quarter  profits would fall well short of expectations due to more than  $1 billion in hurricane-related payouts.
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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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Office Depot Inc. (ODP.N: Quote, Profile, Research) on Tuesday warned of weaker-than-expected profits for the rest of the year because of disruptions from the string of hurricanes
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Allstate Corp. on Wednesday warned its third-quarter profit would be a fraction of Wall Street expectations after the insurance firm said it sees more than $1 billion in catastrophic losses from recent hurricanes.
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Allstate Corp. , the largest publicly traded home insurer in the United States, said on Tuesday that quarterly earnings rose 16.5 percent, helped by low catastrophe losses.
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While Florida's economy will get the biggest jolt from the improbable string of hurricanes this year, consumers around the country may notice the effects in coming weeks and months when they buy a gallon of gas, a carton of orange juice or a bag of peanuts.
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Insurance claims for damage caused in  the United States this year by four major hurricanes may reach  $23 billion, surpassing payments on claims for 1992's Hurricane  Andrew, an insurance industry group said on Friday.
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MIAMI - Insured losses in the United States from Hurricane Ivanâs assault on the Gulf Coast could run from $2 billion to $7 billion, a risk assessment company said Thursday as it slightly reduced its estimate of the cost of the deadly storm.
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Performance Food Group Co. said Monday that earnings for the third and fourth quarters will fall below its previous estimates, in part due to the effects of the hurricanes that hit the Southeast.
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How will companies and investors fare if the storm spawns moderate damage?
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Allmerica Financial Corp.'s third-quarter earnings rose 55 percent, and the property and casualty operations reported ''solid&quot; pretax segment earnings for the period despite being hurt by catastrophe losses primarily related to hurricanes in the Southeast. The Worcester insurance and financial services holding company said earnings were $17.7 million, or 33 cents a share, for the quarter, up from net income ...
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Hurricane Frances will hurt sales and profits at Federated Department Stores Inc., the retailer said Tuesday. The Lazarus-Macy&#39;s parent estimates it will lose $20 million in sales, while
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A recent spate of storms in the south-eastern US could leave insurers facing their biggest ever hurricane damages bill, an industry body has said.
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Hartford Financial Services Group Inc.  HIG.N on Tuesday became the latest insurer to issue a profit  warning tied to Hurricane Charley, the strongest storm to hit  Florida in a dozen years.
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Initial estimates of damage caused by hurricane Frances to Florida&#39;s $9.1-billion (US) citrus industry were only starting to trickle in yesterday, but market concerns about heavy
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Allstate Corp, the largest publicly  traded U.S. home insurer, said on Tuesday that net income fell  37.3 percent in the fourth quarter, hurt by higher catastrophe  losses.
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Hurricane Frances threatens to dampen  sales, and possibly earnings, for a slew of companies -- from  insurers to airlines -- as business activity screeches to a  halt only three weeks after Hurricane Charley hit Florida.