Driven by Winter Storm Elliott, freeze claims jumped 428%

December 2022 through January 2023 saw an increase in every type of loss associated with winter storms compared to the previous year, according to a report from Verisk.

Satellite images of Winter Storm Elliott were captured by the National Oceanic and Atmospheric Administration. (NOAA GOES 16 Satellite/Wikipedia)

December 2022 through January 2023 saw an increase in every type of loss associated with winter storms compared to the previous year, according to a recent Special Weather Report from Verisk. Freeze claims in particular increased by a staggering 428% during this period, followed by flood (+150%), collapse (+40%) and water (+26%) claims.

The biggest jump in freeze claims occurred in states east of the Rockies, and southern, typically warm states saw the highest increases. The RCV of freeze claims was also higher during the December 2022 to January 2023 period than in previous years for both residential and commercial claims.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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