disasters

Irene Adds to the Misery and Growing National Expense
Irene Adds to the Misery and Growing National Expense
HURRICANE IRENE EXPECTED TO MAKE 2011 RECORD YEAR FOR DISASTERS: Hurricane Irene is expected to make 2011 a record year for billion-dollar natural disasters as the 10th one of the year so far, breaking the record set in 2008. News agency Bloomberg has cited risk assessor Kinetic Analysis as estimating that Irene may cause $13.9 billion in insured losses and $20 billion in total economic losses.