Insurers: Charley Claims at About $7 Bln
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Insurers are braced to pay out about  $7 billion in claims for devastation caused by Hurricane  Charley, making the storm the second most costly after  Hurricane Andrew, industry and government officials said on  Monday.
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Chicago - Insured losses from Hurricane Charley could be between $10 billion (R66 billion) and $14 billion, according to industry estimates released as insurers received thousands of claims from Florida.
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Insurance claims resulting from hurricanes Charley and Frances are expected to generate as much as $20 million in revenue for Atlanta-based Crawford &amp; Co.
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PUNTA GORDA, Fla. - As the remnants of Hurricane Charley disintegrated off the New England coast on Sunday, Florida residents began the massive task of cleaning up from a storm that state officials estimated caused damages as high as $11 billion for insured homes alone...
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The number of applications for unemployment benefits increased last week and the US Department of Labor is attributing most of the hike to the impact of Hurricanes Frances and Charley in Florida, according to an Associated Press report.
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U.S. property and casualty insurers are expected to pay $6.5 billion in losses from 23 catastrophes during 2007, much of it from California wildfires, according to ISO, a company that supplies statistical information for the industry.
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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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Hurricane Charley caused more than $1  billion in damage to Havana and its surrounding provinces when  it roared through western Cuba on Aug. 13, killing four people,  a leader of the ruling Communist Party said on Wednesday.
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Losses to insurers from natural disasters nearly doubled this year to just below $30 billion globally after an unusually quiet 2006, a leading reinsurer said Thursday, from winter storms in Europe, flooding in Britain and wildfires in the U.S.
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If Hurricane Charley blows your house down, how can you make your insurance company pay?
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LAKELAND, Fla.  - Hurricane Charley devastated  Florida's $9.1 billion citrus industry, uprooting trees and  stripping off fruit that was ripening for next season's crop,  the state's largest citrus growers' group said on Sunday.
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MIAMI As the hurricane called Frances lumbered across Florida, economic analysts estimated the costs of the damage inflicted by the sprawling storm and a previous hurricane three weeks ago, designated Charley, could run to $40 billion.
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BUENOS AIRES, Argentina  - Natural disasters will  cost insurers a record $35 billion this year, after hurricanes  lashed the Caribbean and southeastern United States and a  record 10 typhoons soaked Japan in events seen as linked to  global warming, climate experts said on Wednesday.
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Hurricane Ivan may cost insurers less than first estimated after the third storm to hit the US in six weeks skirted New Orleans. US claims will probably total $2 billion to $7 billion, down from a previous
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Hurricane Frances, which pounded Florida for more than 24 hours, may cost insurers, including Allstate Corp.
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The line of people filing new claims for jobless benefits grew last week, hurt by damage to businesses caused by Hurricane Charley, a US government report showed.
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Aug. 18 (Bloomberg) -- Hurricane Charley will probably cost insurers $7.4 billion, according to the first loss estimate based on insurance claims.