Hurricane Irene was the “Perfect Storm” for insurers, but in a very different sense of the term. 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. Read Entire Story

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Hurricane Irene, threatening to become the first cyclone to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after years of weakness. Read entire story