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Few things put properties to the test like extreme temperatures; wintertime and cold weather can be specialty brutal. Consider that winter weather caused $1 billion in insured losses in 2016, according to Munich Re and Consumer Reports. That figured jumped to $15 billion in 2021 (when Texas experienced its now infamous power grid failure and subsequent freezing catastrophe), according to Aon and I.I.I.

Wind and hail damage have an impact, with 34% of wintertime homeowner losses attributed to these factors in 2019, the I.I.I. says.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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