Insurers face claims flood after storms

Article Abstract:

Article about how European insurers have spent much of the year preparing for millennium problems, but are instead about to receive billions of dollars in damages from the hurricane-force storms that hit the Continent last week. Lothar and Martin could become the most expensive insurance loss for Europe. French reinsurer Scor SA estimates that the damage caused by flooding, loss of power, and thousands of uprooted trees could mean over $5 billion (Euro4.97 billion) in insured losses, finishing the second-biggest year for natural disasters this century.

Liabilities NEC

---

Scor's U.S. unit reports net loss of $30 million

Article Abstract:

Scor SA reported a net loss of $30 million (32.6 million) in its U.S. unit for the first quarter ended March 31, posting a low 3.4% growth in its overall revenue to 781 million euros.

INSURANCE CARRIERS

---

Scor's revenue rose last year

Article Abstract:

Scor S.A. posted an increase of 2.6% in its revenues for the 2002 year. The company posted 5.02 billion euros in yearly revenues.

Company sales and earnings, Company earnings/profit

Similar abstracts:

• Abstracts: Motorola posted loss of $533 million, as demand slipped in first quarter. Motorola to pare chip-division staff amid slow demand
• Abstracts: Mediaset net sales increase to 672 million euros in first quarter. Wind narrows operating loss
• Abstracts: Inditex's net profit increases by 31% to 91.7 million euros. Next posts healthy earnings in the first half of 2001
• Abstracts: Xerox posts loss of $119 million for fourth quarter. Xerox posts a profit for the first-quarter. Xerox posts 52% drop in fourth-quarter net
• Abstracts: Allied Domecq's profit rises 16% on strong liquor sales. San Miguel expects revenue to grow 20% in next 2 years

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.