Fitch: Hurricane Charley the third worst insurance loss in US history
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Fitch Ratings believes that even if the damage caused by Hurricane Charley -- estimated as a $5 billion to $10 billion insurance loss -- comes in at the low end of the estimates, it will rank the storm as the third largest insured US hurricane loss in ...
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Midland Co. on Thursday said third-quarter profits fell by almost half as the specialty insurer sustained heavy claims losses from the hurricanes that swept through the Southeast during the summer.
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The physical impact of Hurricane Charley, which slammed into Florida on Aug. 14, was immediately visible: downed trees, caved-in roofs, smashed windows. But in economic terms, the full brunt of the Category 4 storm has yet to be felt. Action Economics ...
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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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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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Insured losses in the United States from Hurricane Ivan, which was roaring toward the US Gulf coast on Wednesday, could run between $4 billion and $10 billion, a risk assessment company said.
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Insurer St. Paul Travelers said the three major hurricanes that hit the US east coast in recent months will cut 45 cents from its third-quarter earnings per share.
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St. Paul Travelers Cos. Inc. expects its net losses from Hurricane Jeanne will be about $93 million, after tax and reinsurance payments.
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PARIS : After a nearly unbroken succession of hurricanes in the Caribbean and typhoons in Asia, the global insurance industry is doing its books, with US$50 billion in economic losses and US$20-US$35 billion in insured losses expected so far.
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The property insurance industry sustained record third-quarter losses this year after a series of storms, including a string of hurricanes, according to an actuarial firm&#39;s preliminary estimate.
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including hurricanes Charley, Frances, Ivan, and Jeanne -- contributed to $21.3 billion in insured property loss claims, says actuarial firm ISO.
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Insurers are counting the cost of Hurricane Charley in Florida, with early damage estimates reaching as high as $14bn (Â£7.6; 11bn euros).
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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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Property and casualty insurance provider Safeco Corp. said Tuesday it expects claims from the four hurricanes that hit the southeastern United States in August and September to reduce third-quarter earnings by $127 million, or 96 cents per share.
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The number of Americans filing first  claims for jobless pay fell 3,000 last week, the Labor  Department said on Thursday in a report showing no impact from  Hurricane Charley which struck Florida last Friday.
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State officials say the statewide slowdown caused by Hurricane Charley, with estimated losses of $20 billion, will probably last no more than a month or two.
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Hurricane Charley, the worst storm to hit the US in over a decade, will cost insurers $7.4bn (£4bn;5.9bn euros).