Frances Expected to Cost Insurers &#36;2B-&#36;5B
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Hurricanes Charley and Frances dealt Florida a one-two punch that ravaged citrus groves and ground the state's most important industry to a halt by keeping tourists away from its sandy beaches and fantasy-filled theme parks.
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Tropical Storm Frances may regain hurricane strength as it crosses the warm water of the Gulf of Mexico, and is expected to make landfall again in Florida after slamming the peninsula and causing billions of dollars in damage.
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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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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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Florida and the Bahamas prepare  for Hurricane Frances, the second to hit the region in less than a  month.
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Residents in the US state of Florida are bracing themselves for the arrival of Hurricane Frances, the second massive hurricane to hit the state in less than a month.
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CHICAGO (CBS.MW) -- By Outback Steakhouse&#39;s early estimation, Hurricanes Charley and Frances have cost the restaurant chain as much as $5 million in business.
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Germany's Munich Re, the world's largest reinsurer, said Monday that the overall insured damage caused by Hurricane Frances so far is between &#36;5 billion and &#36;15 billion.
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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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Hurricane Jeanne, which roared across Florida on Sunday, may have caused &#36;4 billion to &#36;8 billion in insured damage, a risk management group said.
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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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STILL DANGEROUS: Frances weakens to a Category 2 storm but severe winds and massive flooding are possible. The hurricane likely will hit along the nearly deserted east coast this afternoon.
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Early loss data suggests the insurance bill from Hurricane Frances, which wreaked havoc across Florida at the weekend, may turn out to be lower than that of August's Charley, UK insurer Amlin said on Monday.
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European insurers face new costs and  travel firms could lose business after tsunami waves killed  more than 21,500 in Asia this weekend, but the financial impact  is expected to be limited compared with other disasters this  year.
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BUENOS AIRES, Argentina  - Natural disasters will  cost insurers a record $35 billion this year, after hurricanes  lashed the Caribbean and southeastern United States and a  record 10 typhoons soaked Japan in events seen as linked to  global warming, climate experts said on Wednesday.
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The ruling could cost insurers billions of dollars more than the $41 billion they have already paid to storm victims.
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Hurricane Frances sends commodity prices soaring and depresses insurance stocks as it heads for the Florida coast.