If Irene's sustained winds reach 100 miles per hour, an economic worst-case scenario, the United States will face at least $100 billion in insured losses, the Wall Street Journal reported. Loss of productivity and loss of life were not included in this figure.
hurricane irene affect on insurance stocks
how will hurricane irene affect on insurance stocks ; As Hurricane Irene barrels toward the East Coast, there is a lot of discussion about what the impact will be on insurance stocks. There are some names that will be in the eye of the storm and have potentially the greatest exposure.Read More...
Economic Impact of Irene
Revised estimates of the direct damage caused by Hurricane Irene are in the range of $20 billion. Add to those the loss of about two days economic activity, spread over a week, across 25% of the economy, and an estimated of the losses imposed by Irene is about $40 to 45 billion. Read More...
effect Hurricane Irene on Stocks market
Stocks are setting up for another turbulent week that will begin with a focus, oddly enough, on the weather. Traders juggling European debt worries and soft economic data are now staring at satellite images, tracking the path of Hurricane Irene, expected to hit New York over the weekend. Read More...
How will FEMA pay for Hurricane Irene
With less than $1 billion currently available for federal disaster assistance, the Federal Emergency Management Agency is temporarily suspending payments to rebuild roads, schools and other structures destroyed during spring tornadoes in Joplin, Mo. and southern states in order to pay for damage caused by Hurricane Irene.Read More...
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