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Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday.
Hurricane Irene had long since passed, but a lot of people who were hoping to get on airplanes as airports in the Northeast reopened Monday were not going anywhere anytime soon, reports the New York Times.
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.
Hurricane Irene will take a very small bite out of a U.S. economy already struggling with debt and unemployment after businesses across the East Coast closed their doors ahead of the deadly storm.
Beaches along the Atlantic coast took a beating over the weekend from Hurricane Irene, which caused heavy damage to some popular seaside tourist towns while sparing others the worst of its powerful wind and waves.
The people of Mineral, Va., were starting to whether Mother Nature had it in for them.
Damage from Irene appears to be less than feared, a bit of reassuring news for a fragile economy.
From North Carolina to Pennsylvania, Hurricane Irene appeared to have fallen short of the doomsday predictions. But with rivers still rising, and roads impassable because of high water and fallen trees, it could be days before the full extent of the damage is known.
Hurricane Irene and the closure of at least 1,000 theater locations along the East Coast is expected to put a dent in this weekend's domestic box office.
From emergency preparation to landfall, see how the Northeast is impacted by Hurricane Irene.
The week's top business and investment news, including Hurricane Irene and banking plays.
The Old Dominion State returns as America’s Top State for Business in 2011, and we’re starting to detect a pattern here.