A winter storm that could bring as much as 18 inches of snow to some areas is targeting the Northeast today and tomorrow, according to reports.

The National Weather Service says much of the region can expect light-to-moderate snow, but that parts of southern New England may see a period of heavy snow. NWS says some areas may also experience record-low temperatures.

Weather.com, the website for The Weather Channel, says two weather disturbances—one of which is brought snow to Milwaukee, Chicago and across the Great Lakes region—are converging to form “a single—and much more powerful—low-pressure system.”

This system, says Weather.com, will bring snow to the Northeast through Thursday and into Friday. The Weather Channel is calling for 5-8 inches at the southern part of the storm—including Philadelphia New York City—as well as the northern part of the storm, including Portland, Maine. Most areas in the Northeast affected by the storm will see 8-12 inches, and isolated areas, including Boston, could see up to 18 inches, according to The Weather Channel forecast.

Insurance Information Institute President Robert Hartwig says in a statement, “Severe winter storms are often the third-largest cause of insured-catastrophe losses in any given year—after hurricanes and tornadoes.”

The I.I.I., citing Property Claims Service for Verisk Insurance Solutions, says that, on an inflation-adjusted basis, insurers paid $27.8 billion in winter-storm claims to policyholders between 1993 and 2012, or $1.4 billion per year, on average.

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