Insurers Begin Tallying Charley Losses
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U.S. insurers on Monday predicted that Hurricane Charley could be the most costly U.S. storm since Andrew in 1992, with Florida officials initially estimating economic losses at &#36;15 billion.
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FLORIDA was yesterday counting the cost of being hit by four hurricanes in six weeks, prompting recovery plans on a scale never before seen in the United States.
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The new estimate is lower than earlier forecasts but would leave Charley as second only to Andrew in insured losses.
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Description: The devastation of hurricane Andrew in 1992 put a number of insurance companies in the red. To prevent further financial wreckage, insurers have revamped the industry so that they pay less of
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As the remains of Hurricane Charley fizzled into a rainstorm off the coast of New England on Sunday, the numbers in Florida only got worse.
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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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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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US property and casualty insurers have paid out $21.3 billion for eight catastrophes damage, including hurricanes Charley, Frances, Ivan and Jeanne, according to the data of the Jersey-based Insurance Services Office Inc.
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US property and casualty insurers paid out $21.3 billion for hurricane damage, mostly in Florida, during the third-quarter, according an industry group called ISO.
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The Red Cross has issued a call for help from communities across the nation in the wake of Hurricane Charley. The storm system that blew through Florida two weeks ago caused billions of dollars in damage - and
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PUNTA GORDA, Fla. Aug. 19, 2004  It took years for many insurance claims to be paid following Hurricane Andrew in 1992. This time, technology is helping speed along the claims process for residents hardest hit by Hurricane Charley.
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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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Commercial property-liability insurer St. Paul Travelers Cos. expects combined losses from hurricanes Charley, Frances, Ivan and Jeanne to reduce third-quarter earnings by 58 cents a share, the company said Monday.
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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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Insurance payments to victims of  Hurricane Charley are expected to reach $7.4 billion, making it  the second most costly hurricane to hit the United States, an  insurance industry group said on Wednesday.
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PUNTA GORDA, Fla.  - Hurricane Charley claimed a  19th victim in Florida, where more than a half million people  remained without power on Tuesday and officials said damage to  crops would run to hundreds of millions of dollars.
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Allstate Corp., St. Paul Travelers Cos., Ace Ltd. and other insurers face billions of dollars in losses as Hurricane Frances heads toward a collision with Florida&#39;s east coast today.