Posted by: jeb1 | September 2, 2011

Hurricane Irene’s Wrath: $7 Billion in Damage

Posted on: August 29, 2011

Source: ABC News

It’s time to clean up Irene. The hurricane’s destructive path through 10 East Coast states left an estimated $7 billion to $13 billion of damage in its wake — without even accounting for economic losses. Downed trees and other wind damage could total about $5 billion in personal claims, while flood damage could total about $2 billion in claims, according to a statement released by the Consumer Federation of America. The figure is significantly lower than that of Hurricane Katrina in 2005, the statement noted.

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