Frances unlikely to hit insurance stocks
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With Hurricane Frances careering toward Florida and expected to hit as soon as today, insurers are facing the growing likelihood of getting smacked with two massive storms, back to back.
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U.S. stocks were set to open near  unchanged on Thursday after a warning from technology  bellwether Nortel Networks Corp. NT.N dimmed hopes, while  stubbornly high oil prices also weighed on sentiment.
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Lanny Thorndike, whose Century Shares Trust mutual fund has about one-third of its assets in insurance stocks, is keeping his investments in Marsh &amp; McLennan and American International Group
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NEW YORK, September 7 (New Ratings) - Crude oil futures declined yesterday in response to the news of Hurricane Frances missing the oil facilitates at the Gulf of Mexico.
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Hurricane Frances sends commodity prices soaring and depresses insurance stocks as it heads for the Florida coast.
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Europe's latest shot across Microsoft's bow shouldn't faze investors.
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Early loss data suggests the insurance bill from Hurricane Frances, which wreaked havoc across Florida at the weekend, may turn out to be lower than that of August's Charley, UK insurer Amlin said on Monday.
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Hurricane Frances could cause between $2bn and $10bn in insured losses in the US, experts predict as the storm pummels Florida.
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TALLAHASSEE, Fla.  - Hurricane Frances caused $2  billion to $4 billion in insured damages in Florida, according  to early estimates, a state official said on Tuesday.
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LONDON (CBS.MW) -- Hurricane Frances, the second hurricane to hit Florida in a month, will cost insurers between $3 billion and $10 billion, according to the most recent estimates from the industry&#39;s leading catastrophe modeling firms.
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Efforts to rescue a distraught U.S. bond insurance industry could inject a positive note on Wall Street but the economic data and earnings reports on tap for this week are unlikely to change a downward trend for stocks.
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U.S. stocks were set to open near  unchanged on Thursday after a warning from technology  bellwether Nortel Networks Corp. NT.N and a rise in oil  prices weighed on investor sentiment.
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NEW YORK (CBS.MW) -- Though Hurricane Frances is still days away from potential landfall in the southeastern United States, those without window shutters are busy boarding up their houses with plywood -- if they can find any.
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Insurance payments to victims of  Hurricane Frances are expected to reach $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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Early loss data suggests the insurance  bill from Hurricane Frances, which wreaked havoc across Florida  at the weekend, may turn out to be lower than that of August's  Charley, UK insurer Amlin said on Monday.
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Stock exchanges' stratospheric valuations may not reflect reality.
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Stock index futures were little changed on Friday, with traders reluctant to take new positions ahead of consumer price data that may influence the outlook for Federal Reserve interest rate cuts.