Insurers&#39; cost: $7.4-billion
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The new estimate is lower than earlier forecasts but would leave Charley as second only to Andrew in insured losses.
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Insurers are counting the cost of Hurricane Charley in Florida, with early damage estimates reaching as high as $14bn (Â£7.6; 11bn euros).
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The total cost for U.S employers and   their workers to buy health insurance coverage is expected to   rise by 6 percent next year, a survey said on Tuesday.
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A California-based company that brokers life, accident and disability policies for leading US companies pocketed millions of dollars a year in hidden payments from insurers and from charges on clients&#39; unsuspecting workers, New York Attorney General Eliot
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Insurers are having their costliest year since 2001, when the September 11th terrorist attacks in the US led to $26.5 billion in catastrophe claims.
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Justice may be blind, but it ain&#39;t cheap: Tyco International&#39;s (nyse: TYC - news - people ) former chief executive and chief financial officer say their legal bills have topped $25 million and they want a second insurance company to pick up the extras.
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Insurers are braced to pay out about  $7 billion in claims for devastation caused by Hurricane  Charley, making the storm the second most costly after  Hurricane Andrew, industry and government officials said on  Monday.
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THE PROBLEM: Social Security faces a &#36;3.7 trillion shortfall over 75 years.
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Hurricane Charley, the worst storm to hit the US in over a decade, will cost insurers just $7.4bn, one insurance expert estimates.
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Natural and man-made catastrophes cost the global insurance sector 25 billion dollars (17.4 billion euros) in 2007, an increase of 9.0 billion dollars over 2006, Swiss reinsurer Swiss Re said Tuesday.
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UnitedHealth Group Inc., one of the largest providers of health insurance in the United States, has paid $20 million to 37 states in order to settle claims processing problems, according to the New York State Department of Insurance.
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The cost of health insurance provided by employers rose an average of 11.2 percent this year and is expected to rise again in 2005, adding to the economic anxiety of workers and businesses.
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NEW YORK, Aug 18  - Insurance payments to victims of Hurricane Charley are expected to reach $7.4 billion, making it the second most costly hurricane to hit the United States, an insurance industry group said on Wednesday.
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The tsunami catastrophe in South Asia is likely to have caused economic damage of more than 10 billion euros (about $14 billion), compounding what was already the most expensive year in history for insurers, the world&#39;s
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The insurance industry offers lots of reasons why policies are so expensive: terrorism, hurricanes, the economy, rising medical costs, lawyers and frivolous lawsuits.
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The price for settling state charges of collusion and bid-rigging by America&#39;s largest insurance broker could be &quot;far higher&quot; than $500 million, New York Attorney General Eliot Spitzer said Thursday.
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Insured losses in the United States from Hurricane Ivan, which was roaring toward the US Gulf coast on Wednesday, could run between $4 billion and $10 billion, a risk assessment company said.