Insurance industry hikes Andrew storm damage to 10.7 billion
The insurance industry raised Andrew hurricane insured losses to 10.7 billion, making it the costliest natural disaster on record. Louisiana claims were revised to 10.2 billion for Florida, with industry experts noting potential premium increases and tighter reinsurance markets amid the broader crisis.
MENTIONED IN THIS ARTICLE
Miami
Britain
Florida
Louisiana
American Insurance Services Group Inc
State Insurance Department
Jill Chamberlin
Sean Mooney
Insurance Information Institute
Nies
Norwest reports third quarter earnings rise with Iowa gains
Norwest Corp reports record earnings for the third quarter at 133.9 million dollars up 20.8 percent from 1991. Iowa banking profits total 29.1 million for the quarter and 58.8 million for nine months, both up significantly from a year ago.
MENTIONED IN THIS ARTICLE
Minneapolis
Norwest Corp
Iowa
Norwest
Hawkeye Bancorp profits rise in third quarter
Hawkeye Bancorp the Iowa based bank holding company said its third quarter profit rose 11 percent to about 4.2 million from 3.8 million a year earlier. For the first nine months profit fell 4.2 percent to 16.6 million.
MENTIONED IN THIS ARTICLE
Washington
MCI Communications Corp
MCI
Cedar Rapids
Iowa City
Stentor
United States
Canada
Hawkeye Bancorp
Robert Murray
Hawkeye
First State Bank
Mount Ayr
City National Bank
First National Bank of
Dubuque
Amana expands with Raytheon Industrial Microwave unit
Amana Refrigeration Inc. will acquire Raytheon Co s Industrial Microwave Processing Systems Group adding 25 jobs. The industrial microwave operation moves from Waltham Massachusetts to Amana by year s end consolidating production of all microwave systems for food preparation home commercial and industrial.
MENTIONED IN THIS ARTICLE
Amana Refrigeration Inc
Raytheon Co
Industrial Microwave Processing Systems Group
Amana Refrigeration
Raytheon
Amana
Waltham
Mass
Charles Peters
American Airlines Posts $85 Million Q3 Loss Amid Revenue Pressure
AMR Corp reports an $85 million loss for July to September, or $1.13 per share, as revenue rises 5.9 percent to $3.73 billion. Half price fares and Miami hub disruptions from Hurricane Andrew blamed for weaker performance. higher fares and cost cuts expected to brighten 1993 outlook.
MENTIONED IN THIS ARTICLE
Associated Press
American Airlines
AMR Corp
American
Miami
Interest rates for consumers head higher
New York AP reports that consumer loan costs including mortgages are likely to rise in coming months as bond markets push rates up. The 30 year Treasury yield has climbed to 7.60 percent, with forecasts of a further 0.25 to 0.50 point increase by year end amid inflation fears tied to a possible Clinton growth package. Mortgage rates for 30 year fixed rose to 8.31 percent and one year ARMs to 5.15 percent.
MENTIONED IN THIS ARTICLE
New York
Treasury
Bill Clinton
HSH Associates
Butler
N.J
Stocks hold steady as bonds gain in mixed market
The Dow edged up 1.08 to 3187.10 while declining issues outpaced advances about 11 to 10 on the New York Stock Exchange. Nasdaq rose to 597.15 as Intel and semiconductor shares led gains. bond prices rose boosting long-term Treasury yields to about 7.61 percent. United Fire & Casualty, Wal Mart, MCI, Penwest advanced. United Technologies slipped. General Motors rose and Schlumberger fell on quarterly results.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Treasury
Iowa
United Fire & Casualty
Wal-Mart
MCI Communications
Penwest
Intel
Motorola
Texas Instruments
American Stock Exchange
Also Mentioned on This Page
Andrew
Ers
Hugo
Chamberlin
Mooney
AEGON
Aegon Nv
Netherlands
Aegon USA
UBO Verzekeringen
NV Bouwfonds Insurance Group
CNV
Aegon Group
Clinton
Archer-Daniels-Midland
Iowa Department of Natural Resources
ADM
Mississippi River
Clinton County
Hanson
Great Britain
Hanson PLC
Universal Gym Equipment
Ertl Toy Co
Dyersville
Costain Group PLC
Peabody Holding Co
St. Louis
Costain
Gazette
Todd McInturft
John Kneeland
Edgewood Rd
Kneeland
Fort Worth
Delta Air Lines
United Airlines
UAL Corp
Robert Crandall
Nues
Michael Durham
AMR
Durham
Raymond Neidl
Furman Selz Inc
New York City
United Technologies
Chrysler
General Motors
Ford Motor
Schlumberger
Skogman - Ralston
Carlson
Dave Carlson
First Avenue
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