Search
 

January Winter Weather Could Cause over $1.5B in Insured Losses

Insurers could see over $1.5 billion in losses stemming from no fewer than four separate stretches of winter weather in the U.S. in January, Aon Benfield says in its monthly wrap-up of global catastrophes.

By staff Writer | Updated on February 06, 2014
(AP Photo)

Insurers could see over $1.5 billion in losses stemming from “no fewer than four separate stretches of winter weather” in the U.S. in January, Aon Benfield says in its monthly wrap-up of global catastrophes.

Roughly $1.4 billion in insured losses stems from one particular stretch of winter weather during the second week of the month, when the central and eastern U.S. dealt with the coldest temperatures in two decades. The Great Lakes and Ohio Valley saw more than 20 inches of snow during that week while the Northeast and Mid-Atlantic contended with freezing rain. The event caused over 150,000 claims.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.