Insurers could see over $1.5 billion in losses stemming from “nofewer than four separate stretches of winter weather” in the U.S.in January, Aon Benfield says in its monthly wrap-up of globalcatastrophes.
|Roughly $1.4 billion in insured losses stems from one particularstretch of winter weather during the second week of the month, whenthe central and eastern U.S. dealt with the coldest temperatures intwo decades. The Great Lakes and Ohio Valley saw more than 20inches of snow during that week while the Northeast andMid-Atlantic contended with freezing rain. The event caused over150,000 claims.
|Other winter-weather events earlier and later in the monthcaused thousands more claims and more than $500 million in economicdamages.
|Elsewhere around the world, Europe saw a continuation of anactive windstorm season, with storms Anne and Christina hitting thewestern and northern sections of the continent.
|New Zealand’s lower North Island was struck by a 6.2 magnitudeearthquake, causing just under 3,000 claims, which are expected toresult in millions of dollars in payouts.
|Brushfires swept through multiple Australian states, the worstof which occurred in Western Australia’s Perth Hills region whereinsured losses are expected to top $13 million.
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