Ivan intensifies terrible hurricane year for insurers
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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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Property insurers are increasingly   attractive to investors as the hurricane season passes its   midpoint and forecasters lower expectations about the storms   they think will hit the United States this year.
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Powerful Hurricane Ivan, the latest in a  busy storm season, rushed over the Atlantic Ocean on Monday and  threatened the eastern Caribbean Windward Islands.
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The cost to insurers of damage claims from Hurricane Dean will rise into the billions, a leading reinsurer has said.
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Hurricane Ivan pummels the US Gulf Coast, causing at least 12 deaths and widespread damage.
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BULL BAY, Jamaica - Hurricane Ivan strengthened to a rare Category 5 storm capable of catastrophic damage as it left Jamaica and aimed for the Cayman Islands with winds reaching 165 mph, the U.S. National Hurricane Center in Miami said Saturday...
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Insurers breathed a sigh of relief yesterday as Hurricane Ivan skirted New Orleans as well as the heart of the Gulf of Mexico&#39;s oil region, saving the companies billions of dollars in claims.
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Hurricane Charley, the worst storm to hit the US in over a decade, will cost insurers $7.4bn (£4bn;5.9bn euros).
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One of the industries considered most vulnerable to climate change is the insurance industry, with shifting weather patterns threatening property in the nation's most hurricane-prone areas.
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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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Hurricane Ivan, which left a swath of  death and destruction across the Caribbean, wrought havoc on  oil drilling operations in the Gulf of Mexico before rampaging  across the Florida and Alabama coast on Thursday.
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SAN FRANCISCO : Insured losses from Hurricane Ivan may be between three billion and six billion US dollars, modeling firm AIR Worldwide said Thursday.
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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&#39;s Hurricane Andrew, an insurance industry group said on Friday.
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A string of storms, typhoons and earthquakes makes 2004 the most expensive year on record for property insurers, according to Swiss Re.
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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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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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Hurricane Ivan temporarily spun into a Category 5 monster with 160 mph winds on Thursday, but even more frightening, it continued churning toward South Florida with the potential for catastrophic destruction.