More than five million people remain without power, while Vermont is reeling from its worst floods in many decades.
Insurance claims could top $7bn (£4.3bn), the Consumer Federation of America estimated.
Irene has passed into Canada, after causing havoc on the US east coast from North Carolina to Vermont.
Driving rains and flood tides damaged homes and cut power to more than three million people in New Jersey, Connecticut and New York alone.
An Associated Press news agency tally found 40 people had been killed in 11 US states, mostly because of falling trees, ocean waves, downed power lines and raging floods.