Four storms poke hole in profit for Safeco
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The winds of four hurricanes blew through Safeco&#39;s third-quarter financials, helping send the Seattle-based insurer to its first quarterly loss in a year.
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C&C issues a profit warning after the recent wet weather dampens sales of its flagship Magners brand.
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The mammoth hurricane may give a boost to some businesses, but long-term economic challenges loom. By Richard Luscombe | Contributor to The Christian Science Monitor.
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Berkshire Hathaway, the company run by billionaire investor Warren Buffett, reports a drop in quarterly profits after hurricanes cost it $816m (Â£439m).
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Ace Ltd., one of four insurers named in connection with an investigation into bid-rigging at Marsh &amp; McLennan Cos., on Tuesday gave investors another bout of bad news after reporting third-quarter results fell to a loss due to storms that struck during
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The company reported third-quarter net profit of $4.4 billion (3.09 billion euros), citing higher maintenance costs and shutdowns at crucial refineries.
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The St. Paul Travelers Cos. Inc. estimated it lost about $140 million as a result of Hurricane Charley. This is a net loss, after tax allowances and reinsurance payments, the St.
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What are the odds of a cold day in hell? Storm Exchange is setting up a market that will let corporations analyze business changes due to fluctuations in weather.
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If the Major League single-season hit record falls, it will happen at Safeco Field. That became a reality Thursday afternoon at Network Associates Coliseum, where Mariners
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For insurers, though, the third hurricane in almost as many weeks could herald an earnings hit. For Allstate (NYSE: ALL), Chubb (NYSE: CB), and St.
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Oil spills and safety lapses in the United States have overshadowed record profits.
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The string of hurricanes that struck Florida and other states has begun to wash away profit projections made by some Cincinnati-based insurance companies.
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Berkshire Hathaway, the company run by billionaire Warren Buffett, has reported a drop in quarterly profits after hurricanes cost it $816m (Â£439m).
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After hurricanes Charley and Frances, and with Hurricane Ivan&#39;s arrival, American Financial Group says its 2004 profits will come in at the low end of its forecasts.
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It was a rough September for many retailers battered by hurricanes on one side and rising fuel prices on the other, but American Eagle Outfitters Inc.
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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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Health Management Associates Inc., which operates acute care hospitals in rural areas, lowered profit guidance Friday for the fourth-quarter and fiscal year, citing outages and service disruptions related to Hurricanes Ivan and Jeanne.