Hurricane Irene losses in US amount to $7bn

August 29, 2011 12:35

Losses from Hurricane Irene are estimated to total about USD 7 billion, much less than what was feared from the massive storm that battered the US east coast over the weekend, initial estimates say.

The total damage by Irene may reach USD 7 billion by the time the storm tapers in the coming days, an early estimate by consulting company Kinetic Analysis Corporation said.

The majority of the losses are expected to be from property damaged in New York and New Jersey.

« Back to LIVE

TOP STORIES

IPL PIX: Spirited RCB knock out CSK; qualify for play-offs!

A spirited performance from their bowlers saw Royal Challengers Bengaluru outclass Chennai Super Kings by 27 runs to qualify for the play-offs.

Banking industry doyen N Vaghul dies at 88

Veteran banker N Vaghul, who led the transformation of ICICI into a private sector lender, died on Saturday afternoon due to health complications. He was 88. Vaghul took over the reins of ICICI, then a public finance institution, in...

Northwest India swelters under extreme heat as mercury breaches 45 deg C mark

The Met office has issued a "red" warning for Delhi, Haryana, Punjab and west Rajasthan, stressing the need for "extreme care for vulnerable people".

Will come to BJP HQ, jail whoever you want: Kejriwal dares Modi

Kejriwal asserted that his party could not be crushed by sending its leaders to jail.

Performance is my only currency: Virat Kohli

Virat Kohli says he doesn't need either approval or assurance from anyone on his capability.