Irene Ranks Among Costliest Disasters

    Meghan Morrow sweeps mud and debris from what is left of the Windham Spa, Tuesday, Aug. 30, 2011 in Windham, N.Y. Officials say more than a dozen towns in Vermont and at least three in New York are cut off, with roads and bridges washed out by flooding caused by the remnants of Hurricane Irene. In New York, the towns of Keene in the Adirondacks, and Windham and Phoenicia in the Catskills are effectively isolated by damage to roads and bridges. (AP Photo/Mary Altaffer)

    Mary Altaffer / AP Photo

    Maybe Hurricane Irene wasn’t overhyped after all: the storm is likely to rank among the 10 costliest catastrophes in U.S. history, according to The New York Times, with a pricetag of $7 billion to $10 billion. Flooding caused much of that damage, which means it won’t be covered by most insurance policies. Insurance companies normally cover half a storm’s costs but in this case they may cover less than 40 percent. Meanwhile, National Guard helicopters are transporting supplies into Vermont towns that have been cut off by the flooding. The town of Pittsfield held a barbecue as it waited.

    Read it at The New York Times