Posts Tagged ‘loss’

AIR Worldwide: Isaac’s losses could reach $2B

BOSTON — Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between $700-$2 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time element coverage (additional living expenses for residential properties and […] [...]

Farmers, ranchers prepare to deal with Isaac’s impact

ACROSS MISSISSIPPI — Farmers across southern and central Mississippi are preparing to deal with the consequences of high winds and lots of rain from Isaac. “We have a two-fold problem for farmers right now,” said Mississippi Farm Bureau president Randy Knight. “The livestock and dairy farmers are worried about losing electricity — having problems keeping […] [...]

Report: Primary insurers to bear most of Isaac-related losses

by Published: August 29,2012

Tags: disaster, hurricane, insurance, insurer, loss, property, real estate, storm

NEW YORK — Fitch Ratings says it anticipates losses related to Isaac will be largely borne by primary insurers, but estimates remain uncertain. Fitch wrote: “Though Isaac carries significant threat, new flood control systems built post-Katrina are expected to limit the surge from Isaac in the New Orleans region. “Catastrophe modeler AIR Worldwide reported an […] [...]

Sanderson Farms sees profitable third quarter

LAUREL — Sanderson Farms Inc. reported net income of $28.7 million for its fiscal third quarter, a turnaround from a loss a year ago, as improved market conditions boosted revenue 22 percent. The results beat Wall Street expectations, and its shares jumped almost 6 percent in premarket trading. The Laurel, Miss.-based chicken producer cautioned that […] [...]

SBA-backed disaster loans available due to drought

ACROSS MISSISSIPPI — The U.S. Small Business Administration is making available federal economic injury disaster loans to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of the drought. This SBA’s disaster declaration includes the following counties: Bolivar, Calhoun, Coahoma, […] [...]

Entergy losses $151.7M in first quarter due to Vermont plant

NEW ORLEANS — Power provider Entergy Corp. posted a first-quarter loss after taking an accounting loss on its Vermont Yankee nuclear plant and expenses from the pending spinoff of its electric transmission business. For the January-through-March period, New Orleans-based Entergy said it lost $151.7 million, or 86 cents per share, on revenue of $2.38 billion. […] [...]

Sanderson sees better quarter, but still loses $8M

LAUREL — Sanderson Farms Inc., for the first fiscal quarter ended Jan. 31, saw net sales of $517.8 million compared with $427.7 million for the same period a year ago. For the quarter, the poultry company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or […] [...]

Hancock Fabrics reports ‘difficult’ third quarter

BALDWYN — Hancock Fabrics Inc. saw net sales for the third quarter of $70.8 million, compared to $73.5 million for third quarter of last year, and comparable store sales decreased 3.5 percent, compared to a 0.3 percent increase in the previous year. Operating income for the quarter was $1.2 million, compared to $2.8 million in […] [...]

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