Filed Under:Claims, Catastrophe & Restoration

Early Feb. Storm Could Cost Insurers $1.4B

Catastrophe modeler AIR Worldwide estimates insured losses from a massive winter storm earlier last month to be between $790 million and $1.4 billion.

The storm, which occurred on Feb. 1 and Feb. 2, affected nearly 100 million people from Texas and Oklahoma, making its way up through Chicago and on to New England. Thirty states were affected by up to a foot and a half of snow in some places, as well as high winds and ice, AIR reported.

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