Frances unlikely to hit insurance stocks
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With Hurricane Frances careering toward Florida and expected to hit as soon as today, insurers are facing the growing likelihood of getting smacked with two massive storms, back to back.
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Efforts to rescue a distraught U.S.  bond insurance industry could inject a positive note on Wall  Street but the economic data and earnings reports on tap for  this week are unlikely to change a downward trend for stocks.
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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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Hurricane Frances could cause $3-6bn in insured losses in the US, less than experts first predicted.
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NEW YORK - Stocks are not expected to move much at the open Friday, with no big earnings news on the schedule, though a report on U.S. durable goods could set the tone...
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U.S. stocks were little changed on   Friday, with investors wary of making bold bets following a   four-day run-up that drove the Dow up near a record and put   Wall Street on course for its biggest third quarter in nine   years.
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Insurers benefit from a quiet hurricane season.
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TALLAHASSEE, Fla.  - Hurricane Frances caused $2  billion to $4 billion in insured damages in Florida, according  to early estimates, a state official said on Tuesday.
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Hurricane Frances sends commodity prices soaring and depresses insurance stocks as it heads for the Florida coast.
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Early loss data suggests the insurance  bill from Hurricane Frances, which wreaked havoc across Florida  at the weekend, may turn out to be lower than that of August's  Charley, UK insurer Amlin said on Monday.
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Wall Street may overlook this one, but CAPS doesn't.
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Hurricane Frances threatens to dampen  sales, and possibly earnings, for a slew of companies -- from  insurers to airlines -- as business activity screeches to a  halt only three weeks after Hurricane Charley hit Florida.
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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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TORONTO (CP) - A pickup in the US insurance sector sent stock markets higher Tuesday afternoon however continued volatility in oil prices kept many investors from making large bets.
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Efforts to rescue a distraught U.S. bond insurance industry could inject a positive note on Wall Street but the economic data and earnings reports on tap for this week are unlikely to change a downward trend for stocks.
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Hurricane Frances, the most recent hurricane to hit Florida, likely will result in $2 billion to $10 billion in insured losses, according to credit rating agency Fitch Ratings.
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Damages from Sundayâs tsunami seem unlikely to wreak devastation on the insurance industry after Swiss Re, the worldâs second-largest reinsurer, said on Thursday that disaster would cost it less than SFr100m ($88m).