Insurers Begin Assessing Damages From Hurricane Irene
How much damage did Hurricane Irene do? Insurers have used software from Eqecat, a catastrophe modeling company, to find the answer to that question. Overall, the total costs seem to be more than $10 billion so far. Each state was affected by Hurricane Irene in individual ways. The NationalClimactic Data Center says that Hurricane Irene is the tenth weather related disaster that ended up causing $1 billion or more in damages in 2011. This means that 2011 had the highest annual number of big weather related disasters in the past 31 years. Insurers have started trying to assess the total … Continue reading