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.
The storm, a Category 3 hurricane with sustained winds of 115 mph, is battering the Bahamas and will start heading north—well off the east coast of Florida on Friday—on its way to the southern coast of North Carolina.
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