After record warmth in January for most parts of the country, the Northeast and Midatlantic states are facing record cold, possibly life-threatening, temperatures this weekend — just in time for Valentine's Day and the Presidents' Day holiday on Monday.

The National Weather Service predicts "A bitterly cold airmass will settle over much of the central and eastern U.S over the next several days. Well below normal temperatures and cold wind chills will be common. In addition, heavy lake effect snow will be possible especially downwind of Lakes Erie and Ontario, where up to one foot of additional snow is forecast by Sunday morning." Your local forecast could be even more chilling.

Extreme temperatures bring risks to people and property. For example, anyone who doesn't take proper precautions is vulnerable to frostbite and hypothermia. Buildings — especially those that are empty over the weekend — are subject to frozen pipes and overworked furnaces that could leave the buildings without heat or running water. Cars that are left parked could have dead batteries.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].