Insurers, Travel Firms Tally Tsunami Cost
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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 ...
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US companies are expected to contribute hundreds of millions of dollars in relief aid to tsunami-hit Asia, but some may be slower to help since the sudden disaster
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India says the tsunami cost $1.6bn on its mainland alone as its confirmed death toll closes on 10,000.
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Insurers seek to calm fears that they face huge losses after an earthquake and giant waves killed at least 23,000 people in southern Asia.
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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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The death toll in the massive tsunamis triggered by a magnitude 8.7 earthquake in South and Southeast Asia on Sunday has reached over 55,000.
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Damages from Sundayâs tsunami seem unlikely to wreak devastation on the insurance industry after Swiss Re, the worldâs second-largest reinsurer, said on Thursday that disaster would cost it less than SFr100m ($88m).
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Swiss Re has estimated its losses to the Indian Ocean tsunamis at less than 100 million Swiss francs, reinforcing observations that victims of the disaster had little insurance coverage.
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The world has pledged about $220 million to help tsunami survivors, relying on lessons from past disasters to expedite relief. WASHINGTON - Aid workers in airplanes dropped thousands of packets of noodles to Indonesians stranded in cliff-top villages.
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Western retailers such as H&M have been contacting suppliers in  areas affected by the tsunami to gauge its effects on supply chains.
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The financial cost to India's mainland from December's tsunami is more than $1bn, the government says.
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Officials from 40 countries meet to discuss ways of reviving tourism in areas hit by the Asian tsunami.
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Natural disasters cost insurers $42 billion this year, making 2004 the costliest ever for the industry, even before tsunamis struck tourist resorts in Thailand and Malaysia, the Insurance Information Institute said.
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SINGAPORE : Among those affected by Sunday&#39;s tsunami were Singapore-based hotel and resort operators with businesses in the region.
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Swiss Re, the world's second-largest reinsurer, said it expects its losses from the tsunamis that devastated Indian Ocean coastal areas will remain below 100 million Swiss francs (US$88.2 million). The claims ...
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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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U.S. companies are expected to  contribute hundreds of millions of dollars in relief aid to  tsunami-hit Asia, but some may be slower to help since the  sudden disaster struck during a holiday season, company  executives and charity experts said on Wednesday.