Kinetic Analysis Corp.
Hurricane Irene bill: $5-7 billionPosted by RJ and Makay on Aug 30, 2011 |
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Hurricane Irene, which left 22 people dead in the eastern part of the U.S., caused $5 billion to $7 billion in damage. The storm’s estimated cost to insurers is estimated to be between $1.5 billion and $3 billion, according to Jose Miranda of Eqecat, Inc., a California risk management firm. This compares to damage projections last week of $14 billion when Irene was expected to make landfall in New York as a Category 2 hurricane.
