January Winter Storms, Extreme Cold Caused $1B in U.S. Econ Losses: Aon

February 12, 2019

January’s cluster of winter storms and extreme cold have likely caused $1 billion in economic losses in the United States, according to Aon’s January 2019 Global Catastrophe Recap.

A number of weather events are to blame for those economic losses, including:

The rest of the world saw some serious damage-causing weather events, including torrential seasonal rains that caused $2.3 billion in economic losses to the agriculture sector in Argentina, seasonal flooding in Indonesia that caused 80 deaths, and Windstorm Alfrida, which caused minor damage in five European countries and led to thousands of insurance claim filings.

Source: Aon