Insured wildfire loss could top $1.6 billion
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Insured losses from California  wildfires could exceed $1.6 billion if the fires continued to  spread, a risk modeling firm said on Thursday.
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By CATHERINE TSAI NEW CASTLE, Colo. - If those ordered from their homes near a 1,000-acre fire in western Colorado left without a fuss, it could be because they've experienced the devastation of wildfires before.
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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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Wind-blown wildfires threatened more than 1,100 homes in Colorado and Arizona, where drought conditions and gusting winds created ideal conditions for spreading the flames.
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An Oregon timber company has appealed the reinstatement of protections on 58.5 million acres of roadless areas in national forests, saying it should be able to continue logging trees burned in a 2002 wildfire in the Rogue River-Siskiyou National Forest.
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It's part of a plan to cut costs by $1.6 billion between now and March 2008.
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Insurance claims for damage caused in  the United States this year by four major hurricanes may reach  $23 billion, surpassing payments on claims for 1992's Hurricane  Andrew, an insurance industry group said on Friday.
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Insurers are having their costliest year since 2001, when the September 11th terrorist attacks in the US led to $26.5 billion in catastrophe claims.
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Damages from the wildfires in California's San Diego County were expected to exceed $1 billion, a top official said on Wednesday.
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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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The tsunami catastrophe in Asia has wreaked economic damage of more than $13.6 billion, the world&#39;s largest reinsurer estimates.
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Wildfires raging through Southern California should not cause major losses for home insurers such as Allstate Corp , Nationwide  and State Farm, according to a report by Goldman Sachs analyst Thomas Cholnoky on Tuesday.
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A fast-moving brush fire scorched 1,000 acres of parched hillside and charred at least two homes Sunday, forcing authorities to evacuate more than 200 homes, Orange County fire officials said.
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The 2004 hurricane season is expected to be costly for insurers, with early estimates of $8bn (Â£4.5bn) of losses from just one of the storms that have hit the United States this year.
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MIAMI - Insured losses in the United States from Hurricane Ivanâs assault on the Gulf Coast could run from $2 billion to $7 billion, a risk assessment company said Thursday as it slightly reduced its estimate of the cost of the deadly storm.
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The fires raging in Southern California have likely caused hundreds of millions of dollars worth of damage to homes and businesses, the state's insurance commissioner said on Tuesday.
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Residential heating costs are projected to soar this winter to more than $1,000 on average because of higher fuel prices and colder weather, the government said yesterday.