Ivan May Swamp Some Insurers' Profits
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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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As hurricanes go, Charley stirred up a lot of trouble. The storm will go down as one of the most destructive in history. But it also stirred up trouble on Wall Street, igniting controversy about whether or not it&#39;s a good time to look at insurers.
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Stocks are seen opening little changed  on Monday as crude prices remain high, but insurers may dip on  worries about their potential liabilities after a hurricane  struck Florida on Friday.
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NEW YORK : The latest twists and turns from Hurricane Ivan prompted renewed concerns Monday about oil production in the Gulf of Mexico, pushing futures prices sharply higher on global markets.
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Furniture retailer Courts yesterday issued a &quot;disastrous&quot; profit warning, blamed partly on hurricane Ivan&#39;s effects on its Caribbean business but mainly indicating further turmoil in its UK business.
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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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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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Some retailers are benefiting from the rash of hurricanes.
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U.S. stocks struggled to make gains on  Tuesday as oil prices rose and investors feared economic  fallout from Hurricane Ivan as it roared into the Gulf of  Mexico toward a possible landfall in the United States.
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Insurers held their breath on Friday as they waited to gain access to areas pounded by Hurricane Ivan, which some predicted at up to $10 billion could become the second-costliest storm in US history.
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European insurers face new costs and travel firms could lose business after tsunami waves killed more than 21,500 in Asia this weekend, but the financial impact is expected to be limited compared with other ...
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Sichuan Changhong Electric Co&#39;s warning of an annual loss has caused many investors to worry about earnings for other listed companies this year.
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Hurricane Ivan lost some strength as it hit the Cayman Islands and Cuba but was still capable of causing tremendous damage.
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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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Hurricane Ivan blew oil prices back  above $44 a barrel on Tuesday, fueling fears of disruption to  supplies and giving European investors an excuse to take  profits from stock markets at 10-week highs.
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Without their sole current advantage, bond insurers could be worse off.
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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.