UPDATE 1-Insurers bracing for severe Frances losses - S&amp;P
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Hurricane Frances threatens to deliver a powerful blow to private insurers and reinsurers and could cause severe challenges for some companies, Standard &amp; Poor&#39;s said on Friday.
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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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Insurers could face a Â£350m bill for damage caused by storms that lashed the UK in January, experts say.
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Insured losses in the United States from Hurricane Ivan are expected to hit $4 billion to $10 billion US, analysts estimated on Thursday.
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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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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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XL Capital Ltd. and PartnerRe Ltd., companies that help insurers spread risk, said their businesses may benefit from Hurricane Ivan, the third storm in a month that threatens Florida with billions of dollars in damage.
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Munich Re, the world&#39;s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company&#39;s
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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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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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UPDATE, 2PM FRI: Hurricane Frances is beginning to make its presence felt along Florida&#39;s shoreline as officials adjust their forecasts for when it&#39;ll hit.
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Hurricane Frances is expected to be  less costly for insurers than feared, though high winds and  flooding generated billions of dollars in damage in Florida and  brought the state to a virtual standstill during a three-day  holiday weekend.
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Hurricane Frances will hurt sales and profits at Federated Department Stores Inc., the retailer said Tuesday. The Lazarus-Macy&#39;s parent estimates it will lose $20 million in sales, while
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Insurance payments to victims of Hurricane Frances are expected to reach &#36;4.4 billion, making it the fourth most costly storm in U.S. history, an insurance industry group said on Thursday.
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JUPITER -- Hurricane Frances&#39; eye moved slowly inland over parts of Palm Beach, Martin and St. Lucie counties this morning as storm-weary Florida residents braced for more hours of strong winds, heavy rain, flooding and damage.
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The property insurance industry had 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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Wildfires raging through Southern California should not cause major losses to home insurers such as Allstate Corp, Nationwide and State Farm, according to a report by Goldman Sachs analyst Thomas Cholnoky on Tuesday.