Damage from severe storms such as Sandy is likely to escalate by the end of the century as the population grows and people continue to build along the Eastern Seaboard.
It may not cost as much as hurricane Katina, but hurricane Irene is likely to cause billions of dollars in damages once she finishes her whirlwind trek up the East Coast.
Hurricane Irene weakened to 110 m.p.h. winds, but Irene is expected to strengthen to a Category 3 hurricane again is it reaches North Carolina
Hurricane Irene, with winds of 120 m.p.h., is now on a track to make landfall in North Caroline, then move toward New York and New Engalnd.