Experts see record year for US insured losses
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The four hurricanes that hit Florida this season combined to beat the record set by Hurricane Andrew for insured losses in what may be the nation&#39;s costliest hurricane season ever, officials said Tuesday.
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NEW YORK -- Hurricane Charley will likely cost insurers at least $7.4 billion, according to the Insurance Institute, an industry trade group that based its estimate on initial claims data from Florida residents and businesses.
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The federal deficit of the US government hit a record high of US$436.9 billion in the first 11 months of fiscal year of 2004 ending on September 30, the Treasury Department reported on Monday.
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Hurricane Frances could cause $3-6bn in insured losses in the US, less than experts first predicted.
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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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WASHINGTON -- Routine failure to provide needed health care in the United States came with the price tag of $1.8 billion in additional medical costs and up to 79,000 avoidable deaths, according to a new study.
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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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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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US markets lose ground as data shows repossessions and overdue mortgage payments in the US at record levels.
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Hurricane Frances could cause between $2bn and $10bn in insured losses in the US, experts predict as the storm pummels Florida.
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Many Americans are in danger of losing their health insurance coverage due to the rapid increase of employer sponsored health insurance plans.
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NEW YORK - Insurance payments to victims of Hurricane Frances are expected to reach $4.4 billion, making it the fourth most costly storm in US history, an insurance industry group said Thursday.
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Health care costs were a bigger drain on American wallets this year than in 2000, with 14.3 million workers spending more than a quarter of their income on medical care, according to a study by Families USA.
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The number of Americans without medical insurance reached a record 45 million in 2003, highlighting what many analysts say is a deepening crisis in the way the nation pays for health care.
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Numerous media reports have indicated big increases for Medicare and employer-sponsored health insurance premiums and for the number of Americans lacking health insurance.
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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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Losses to insurers from natural disasters nearly doubled this year to just below $30 billion globally after an unusually quiet 2006, a leading reinsurer said Thursday, from winter storms in Europe, flooding in Britain and wildfires in the U.S.