In recent decades, winter storms have inflicted severe property damage across swaths of North America, resulting in considerable insured losses.
Although frequently overlooked as a major peril, winter storms constitute around 10 percent of the overall annual loss from natural catastrophes on average in the United States, and nearly one-third in Canada. For some locations–especially in the Northeast and Northwest–this figure can rise to as much as 60 percent.
Severe winter storms–such as the 1962 Pacific Northwest Windstorm, the 1983 Severe Arctic Temperature Freeze and the 1993 “Storm of the Century”–highlight the potential devastation that can occur from winter storms.
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