Frances&#39; insured losses seen hitting $4.4 billion
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NEW YORK - Insurance payments to victims of Hurricane Frances are expected to reach $4.4 billion, making it the fourth most costly storm in US history, an insurance industry group said Thursday.
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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 Frances is pushing up commodity prices and weighing on insurance company stocks as it heads for the Florida coast. Orange juice prices hit nine-month highs on the New York Board of Trade on Thursday
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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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Germany's Munich Re, the world's largest reinsurer, said Monday that the overall insured damage caused by Hurricane Frances so far is between $5 billion and $15 billion.
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SAN FRANCISCO : Insured losses from Hurricane Ivan may be between three billion and six billion US dollars, modeling firm AIR Worldwide said Thursday.
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The ruling could cost insurers billions of dollars more than the $41 billion they have already paid to storm victims.
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LONDON (CBS.MW) -- Hurricane Frances, the second hurricane to hit Florida in a month, will cost insurers between $3 billion and $10 billion, according to the most recent estimates from the industry&#39;s leading catastrophe modeling firms.
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Chicago - Insured losses from Hurricane Charley could be between $10 billion (R66 billion) and $14 billion, according to industry estimates released as insurers received thousands of claims from Florida.
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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).
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MONTREAL -- Despite a jump of 19 per cent in world air traffic so far this year, airlines are expected to lose as much as $4 billion US in 2004 due to high fuel costs, says the International Air Transport Association.
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MONTREAL - Despite a jump of 19 percent in world air traffic this year, airlines are expected to lose as much as $4 billion in 2004 because of high fuel costs, the International Air Transport Association said Monday.
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Insured losses from Hurricane Jeanne are estimated at $6 billion to $8 billion, according to Eqecat Inc., a risk-modeling firm. The hurricane made landfall early Sunday at Hutchinson Island, on Florida&#39;s East
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Insured losses in the United States from  Hurricane Ivan are expected to range from $3 billion to $6  billion, a risk assessment group said on Wednesday.
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Hurricane Frances will probably not rack up as large an insurance bill as initially feared. With premium hikes typically following big losses, thatâs good news for most insurance-buying companies not affected by the devastating storm.
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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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Hurricane Frances, which may become the costliest storm to hit the US in a dozen years, headed toward Florida, forcing about 2.5 million people to flee their homes.