Filed Under:Claims, Catastrophe & Restoration

Hurricane Irene Could be Multi-Billion Dollar Event for Insurers

A sign declaring a mandatory evacuation in anticipation of the arrival of Hurricane Irene is seen as motorists head north in Nags Head, N.C., Thursday, Aug. 25, 2011 on North Carolina's Outer Banks. (AP Photo/Charles Dharapak)
A sign declaring a mandatory evacuation in anticipation of the arrival of Hurricane Irene is seen as motorists head north in Nags Head, N.C., Thursday, Aug. 25, 2011 on North Carolina's Outer Banks. (AP Photo/Charles Dharapak)

NU Online News Service, Aug. 25, 3:06 p.m. EST

Hurricane Irene is expected to be a multi-billion dollar event for the insurance industry, says Robert Hartwig, president of the Insurance Information Institute.

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