Irene and Insurers: Less Damage, Excuse to Hike Prices

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