Frances' Insured Losses to Near $4.4 Bln
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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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Hurricane Ivan, which slammed into the US Gulf coast today, may cost insurers $4 billion to $10 billion, rivaling hurricanes Charley and Frances, Risk Management Solutions Inc.
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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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Lower end of loss estimates upped to $4B; losses could reach $10B to make it 2nd most costly. By Chris Isidore, CNN/Money senior writer.
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Hurricane Frances threatens to deliver a powerful blow to private insurers and reinsurers and could cause severe challenges for some companies, Standard &amp; Poor&#39;s said on Friday.
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Many homeowners in the Orlando area suffered a double blow when hurricanes Charley and Frances struck in quick succession. Now, they&#39;re smarting from a financial one-two punch - two insurance deductibles.
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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.
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SAN FRANCISCO (CBS.MW) - Higher fuel prices will help cause the domestic and international airline industry to lose $3 billion to $4 billion in 2004, the International Air Transport Association forecast Monday.
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When estimates for insured damages from Hurricane Ivan dropped from $20 billion to between $4 and $10 billion, insurance stocks staged a modest rally.
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Many airline companies are finding it difficult to make a profit. The International Air Transport Association says it expects the industry to lose up to four thousand million dollars this year.
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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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Insurance payments to victims of Hurricane Frances are expected to reach &#36;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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The airline industry is expected to lose as much as $4-b in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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Hurricane Frances, which pounded Florida for more than 24 hours, may cost insurers, including Allstate Corp.
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Hurricane Jeanne, which roared across Florida on Sunday, may have caused &#36;4 billion to &#36;8 billion in insured damage, a risk management group said.
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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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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.