• A fallen tree which also knocked over a power line is seen on Loughboro Road after Hurricane Irene swept through the area.

    Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.

  • Reinsurance News Story Sunday, 1 Dec 2002 | 12:00 AM ET
  • Reinsurance Partner Story Sunday, 1 Dec 2002 | 12:00 AM ET