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For most Americans, Irene means insurance rate hikes - The Seattle Times

The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather this year. Yet, despite billions paid out for floods, tornadoes and earthquakes, big insurance companies can expect another profitable year.

Federal government to help reimburse states for Irene damage

Hurricane Irene could cost U.S. state and local governments billions of dollars in damages, but funds from the federal government might ultimately cover much of this expense.

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