Satellite images of Winter Storm Elliott were captured by the National Oceanic and Atmospheric Administration. (NOAA GOES 16 Satellite/Wikipedia)
December 2022 through January 2023 saw an increase in every type of loss associated with winter storms compared to the previous year, according to a recent Special Weather Report from Verisk. Freeze claims in particular increased by a staggering 428% during this period, followed by flood (+150%), collapse (+40%) and water (+26%) claims.
The biggest jump in freeze claims occurred in states east of the Rockies, and southern, typically warm states saw the highest increases. The RCV of freeze claims was also higher during the December 2022 to January 2023 period than in previous years for both residential and commercial claims.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
