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Irene will cost insurers an estimated $2.6B in the U.S. rather than the maximum of $14B...

Irene will cost insurers an estimated $2.6B in the U.S. rather than the maximum of $14B projected, as the storm weakened as it hit the East Coast, Kinetic Analysis says. The total economic loss will be smaller too, says Moody's Mark Zandi. "We're talking billions of dollars... not tens of billions."
Comments (3)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Weather forecaster shills hyping the storm to boost TV ratings for the Weather Channel and other cable news outlets were the hardest hit.
    29 Aug 2011, 06:28 AM Reply Like
  • kmi
    , contributor
    Comments (3975) | Send Message
     
    Was a good 'stimulus' for Home Depot, CostCo, Walmart etc who sold a good bit of batteries, bottled water, generators, etc to the hype-buyers.
    29 Aug 2011, 07:42 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4009) | Send Message
     
    Krugman must be disappointed.
    29 Aug 2011, 09:16 AM Reply Like
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