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

|By:, SA News Editor

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."