Battered US insurers brace for 3rd hurricane
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Florida insurers, after weathering two hurricanes in the last month, are scrambling to compile damage assessments while bracing for another potential storm this weekend that could further erode profits.
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One or two insurance companies might not have the financial wherewithal to survive this year&#39;s hurricane season in Florida, said several top industry officials and state regulators.
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SAN FRANCISCO (CBS.MW) -- Hurricane Jeanne, strengthening in the Atlantic late Thursday, may become the fourth major storm to strike the United States this season, adding to a record number of claims and billions in losses already borne by insurers.
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Salvage teams fear for three stranded ships, with warnings of more bad weather across the country
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Allstate Corp., St. Paul Travelers Cos., Ace Ltd. and other insurers face billions of dollars in losses as Hurricane Frances heads toward a collision with Florida&#39;s east coast today.
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Hurricane Helene continued to gain strength as a Category 3 storm in the open Atlantic on Monday, and forecasters said it could threaten Bermuda at the end of the week.
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NEW ORLEANS -- Courts already inundated by a wave of litigation against insurance companies over damage from Hurricane Katrina are bracing for a last-minute barrage of lawsuit filings as a deadline nears next week.
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Fitch Ratings believes that even if the damage caused by Hurricane Charley -- estimated as a $5 billion to $10 billion insurance loss -- comes in at the low end of the estimates, it will rank the storm as the third largest insured US hurricane loss in ...
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HCA Inc. HCA.N, the largest U.S.  hospital operator, said on Wednesday it expects its  third-quarter earnings to be hurt by the hurricanes that hit  the U.S. Southeast earlier this year.
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Hurricane Jeanne, the fourth hurricane to hit the US in just six weeks, is set to cost the insurance industry up to $7bn (Â£3.9bn) of losses, making this year&#39;s storm season the costliest on record.
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Today, storm-tossed Floridians are scrambling to get ready for what would be a first for the state: a fourth hurricane this year, called Jeanne, which is threatening to strike Sunday.
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Forecasters cautioned Wednesday that Hurricane Ivan could pose a third consecutive threat to Floridaâs coast, leaving millions of residents thinking to themselves, ânot again.
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Hurricane experts this time are stressing that predictions about the storm's possible movements are rough approximations.
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After Hurricane Ivan pummeled a wide  swath of land along the Gulf of Mexico Thursday, some U.S.  insurers swamped by the third major hurricane of 2004 might  find their profits gone with the wind.
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Insurers could face their biggest ever hurricane damages bill following a spate of storms in the Caribbean, an industry body says.
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Ivan's second foray into the United States came with little wind but plenty of the rain that became the three-week-old system's calling card as it raked the Caribbean and eastern United States, while Floridians braced for another possible pounding as Hurricane Jeanne appeared to be gearing up for a weekend landing.
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With Florida facing the possibility of its third hurricane in a month, NASA is putting together a backup plan for its message system based on Research in Motion Ltd.