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By Ken Little, About.com Guide to Stocks since 2004

When Bad News is Good News

Monday August 16, 2004
Hurricane Charley left central Florida in ruins with a death toll at 17, tens of thousands homeless, and more without power or basic necessities. Insurance companies are estimating it will take $14 billion to repair the damage. Yet, the stocks of several insurance companies rose today. Read why from Bloomberg.

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