Insurance Firms Can't Drop Floridians Yet
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Florida officials approved a rule Tuesday that prevents insurance companies from canceling or not renewing homeowners policies through the end of this year for hurricane victims who are still waiting for repairs.
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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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Nowhere are insurance rates more severe than in Florida, where storms in recent years have added billions to the insurersÂ losses.
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Stocks are seen opening little changed  on Monday as crude prices remain high, but insurers may dip on  worries about their potential liabilities after a hurricane  struck Florida on Friday.
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Though high winds and flooding  generated billions of dollars in damage in Florida, Hurricane  Frances is expected to be less costly for insurers than feared,  analysts and industry officials said on Monday.
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It took years for many insurance claims to be paid following Hurricane Andrew in 1992. This time, technology is helping speed along the claims process for residents hardest hit by Hurricane Charley.
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Floridians have begun cleaning up after Hurricane Jeanne, the fourth hurricane to strike Florida in less than two months. A number of towns in Florida were still recovering from Hurricane Frances, which hit
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Wall Street is seen opening little  changed on Monday as crude prices remain high, but insurers may  dip on worries about their potential liabilities after a  hurricane struck Florida on Friday.
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Hurricane Frances threatens to dampen sales, and possibly earnings, for a slew of companies -- from insurers to airlines -- as business activity screeches to a halt only three weeks after Hurricane Charley hit Florida.
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The majority of homes out there couldn't be rebuilt via insurance.
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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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Hurricane-hammered Floridians desperate for some normalcy, if only in the form of electricity, could have to wait weeks before seeing their lights and air conditioning working again due to a scarce labor force.
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The four hurricanes striking Florida and other coastal states in the past two months appear &quot;to have held down employment growth but not enough to change materially&quot; the overall jobs picture in September, the Labor Department said Friday.
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PUNTA GORDA, Fla. - It took years for many insurance claims to be paid following Hurricane Andrew in 1992...
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MIAMI - Hurricane Charley probably will not cause Floridians' insurance premiums to skyrocket like 1992's Andrew, and fewer insurers should go bankrupt from paying out damages expected to reach the billions of dollars, state and industry officials said Saturday.    They say previous premium increases and overhauls made because of Andrew, the most expensive natural disaster in U.S...
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State leaders vow to try to extend insurance coverage, though a Dec. 26 US court ruling complicates their efforts.
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The four-in-a-row hurricanes that have disrupted lives across Florida have also delayed life's final journey for many. Funerals have been put off for weeks in some places because the ground is too soggy for burials or because scattered family members cannot be assembled.