In Florida, a New Way to Sell Hurricane Insurance
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Most big insurers are cutting back coverage in Florida and other coastal states after a string of hurricanes, but one businessman is using a nonprofit model to offer policies for well-off customers.
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LONDON (CBS.MW) - The costs of Hurricane Charley in Florida to the insurance industry were becoming clearer on Thursday after two major Swiss insurers estimated their claims stemming from the storm last week.
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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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A Florida company seeks to change FCC rules against selling such equipment to local and state agencies.
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A growing number of insurance companies are adding high windstorm damage deductibles to homeowner policies.
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By Sara Kennedy, The Bradenton Herald, Fla.  Dec.
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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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Some of the nationâs biggest insurance companies want to change rules that enable some of their competitors to avoid billions of dollars in federal taxes by sending money to themselves in tax havens.
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After Hurricane Ivan pummeled a wide swath of land along the Gulf of Mexico Thursday, some US insurers swamped by the third major hurricane of 2004 might find their profits gone with the wind.
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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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Reduced coverage means the hurricane's impact on insurance companies will be muted. And that is fostering anger among some politicians in Florida.
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Despite a record hurricane season, many Florida hot spots are relatively unscathed. And tourist bureaus, hotels, and others are pulling out all the stops to lure travelers back.
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While Florida's economy will get the biggest jolt from the improbable string of hurricanes this year, consumers around the country may notice the effects in coming weeks and months when they buy a gallon of gas, a carton of orange juice or a bag of peanuts.
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When Hurricane Charley moved out, the conmen moved in. From selling $5 ($A7) bags of ice by the road to charging up to $11,000 to take down damaged trees, the rip-offs are rampant.
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With insurance claim projections from Hurricane Charley climbing above $11 billion, some in the building industry believe the hurricane standards in the uniform Florida Building Code may
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The mammoth hurricane may give a boost to some businesses, but long-term economic challenges loom.
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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.