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Zurich Financial tots up


Zurich Financial tots up hurricane damage (Financial Times)
Zurich Financial Services came out with its first estimate of losses from Hurricane Katrina on Tuesday. The insurer said provisional estimates amounted to $600m after tax and net of reinsurance. The pre-tax loss is seen at $725m. Charges will be recorded in the third quarter.

Review finds damage factors after Hurricane Katrina (Corvallis Gazette Times)
GULFPORT, Miss. A few more nails and extra bolts could have made a big difference for some homes that were destroyed by Hurricane Katrina.

Pipeline firm Enbridge says hurricane Rita may cut earnings by $5M (Canadian Press via Yahoo! News)
CALGARY (CP) - Enbridge Inc. said Monday its operations in the U.S. Gulf Coast region suffered little damage from hurricane Rita.

Is hurricane damage affecting construction costs here? (KATU)
TIGARD, Ore. - As Gulf Coast residents return home and cleanup begins in the hurricane-struck areas, fallout from the devastation continues here in the Northwest.

Plan to house hurricane evacuees in state parks raises questions (New Orleans Times-Picayune)
BATON ROUGE, La. (AP) Lawmakers questioned Monday whether plans to move hurricane evacuees into state parks would damage the parkland, rake the properties clean of trees and leave displaced residents too far from vital services.


 
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