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September 12, 2004

Hurricane Ivan Buffets Insurance Stocks

With a third powerful hurricane moving north toward Florida, shares of property and casualty insurance stocks are starting to bend in the wind.

Forecasters say Hurricane Ivan, currently packing winds of 145 mph as it moves through the Caribbean, could be the most devastating storm of all, leading to an early evacuation of the Florida Keys. Investors are also evacuating.

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Posted by Tom Troceen