Hurricane Frances May Cost Insurers Less Than Charley's $6 Billion-Plus
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Hurricane Frances, which pounded Florida for more than 24 hours, may cost insurers, including Allstate Corp.
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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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Insurers are having their costliest year since 2001, when the September 11th terrorist attacks in the US led to $26.5 billion in catastrophe claims.
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The oak tree in Ilyse Kusnetz's back yard caused one headache when it crashed into her house during Hurricane Charley. Now the tree is sprouting a second worry: price gouging.
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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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Aug. 18 (Bloomberg) -- Hurricane Charley will probably cost insurers $7.4 billion, according to the first loss estimate based on insurance claims.
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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.
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Major reinsurers will face new costs after the catastrophe caused by the tsunamis in southern Asia, though experts say the financial impact is likely to less than that of other disasters this year.
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NEW YORK, Aug 18  - 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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Hurricane Frances cost Federated Department Stores Inc. about &#36;20 million in lost sales at Florida stores, the retailer said Tuesday.
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including hurricanes Charley, Frances, Ivan, and Jeanne -- contributed to $21.3 billion in insured property loss claims, says actuarial firm ISO.
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Insured losses in the United States from  Hurricane Ivan are expected to range from $3 billion to $6  billion, a risk assessment group said on Wednesday.
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Losses for the global insurance industry from the devastating earthquake and tsunami waves in Southeast Asia -- where the death toll is in the tens of thousands -- are likely to be sharply below claims from the hurricanes in Florida this year, as the regions hit over the weekend are generally underinsured, analysts said yesterday.
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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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HCC Insurance Holdings Inc. on Thursday said it expects its third-quarter losses related to Hurricane Charley after reinsurance recoveries will be less than $10 million, or 10 cents per share.
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The California wildfires are going to cost only a fraction of the $41.1 billion that insurance companies paid out for Hurricane Katrina.
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Natural disasters will cost insurers a record &#36;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.