Cincinnati Financial Raises Storm Losses
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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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Department store operator Saks Inc.  SKS.N on Tuesday posted an unexpected loss for its third  quarter, hurt by hurricanes in the southeastern United States  and charges for the closure of some stores.
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The property insurance industry sustained record third-quarter losses this year after a series of storms, including a string of hurricanes, according to an actuarial firm&#39;s preliminary estimate.
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The St. Paul Travelers Cos. Inc. estimated it lost about $140 million as a result of Hurricane Charley. This is a net loss, after tax allowances and reinsurance payments, the St.
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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 $15 billion.
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Only about 2,000 fans braved a snowstorm to see No. 22 Cincinnati try to stay unbeaten. For the first 20 minutes, they had to wonder whether the harrowing trip was worth it.
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Allstate Corp., St. Paul Travelers Cos., Ace Ltd. and other insurers face as much as $10 billion in losses after hurricane winds battered Florida for second time in three weeks.
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Even borrowers with strong credit are feeling the pinch as home values fall and payments rise. Tuesday, several banks are expected to offer assistance to ease the burden.
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Estimates range from $3B to $10B following second major storm to hit Florida within a month. NEW YORK (CNN/Money) - Losses from Hurricane Frances are now forecast to make it the fifth-costliest storm in US
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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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MGIC Investment Corp, the largest U.S. mortgage insurer, posted on Wednesday a much larger-than-expected $1.47 billion quarterly loss as more homeowners fell behind on payments, and claims increased sevenfold.
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Cable operator Charter Communications Inc.  posted a wider quarterly loss on Wednesday as costs rose faster than sales and interest expenses increased.
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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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Lower end of loss estimates upped to $4B; losses could reach $10B to make it 2nd most costly. By Chris Isidore, CNN/Money senior writer.
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Organizers of Wimbledon have salted away  two million pounds ($3.87 million) to cover rain disruptions  after the cost of insuring themselves against the British  weather became too steep, it was revealed Wednesday.
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The Labor Department said Thursday that claims, reflecting the impact of hurricanes in Florida, increased by a seasonally adjusted 14,000, to 350,000.
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Hurricane Frances cost Federated Department Stores Inc. about &#36;20 million in lost sales at Florida stores, the retailer said Tuesday.