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The recent spate of winter weather has wreaked havoc from coast to coast over the last month, and businesses and their insurers are experiencing the damage first-hand. Munich Re’s report on natural catastrophes in 2014 found that the unusually cold winter caused the greatest losses in North America, estimating that heavy frost, snowfalls and blizzards caused losses of $3.7 billion, with approximately $2.3 billion of them insured. 

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