Winter Storms

Winter storms caused an estimated $2.3 billion in insured losses in 2014, up from $1.9 billion in 2013, according to reports from Munich Re. From 1994 to 2013 winter storms resulted in about $27 billion in insured catastrophe losses (in 2013 dollars), or more than $1 billion a year on average, according to Property Claim Services (PCS).

 

INFLATION-ADJUSTED U.S. INSURED CATASTROPHE LOSSES BY CAUSE OF LOSS, 1995-2014 (1)

(2014 $ billions)

(1) Adjusted for inflation through 2014 by ISO using the GDP implicit price deflator. Excludes catastrophes causing direct losses less than $25 million in 1997 dollars. Excludes flood damage covered by the federally administered National Flood Insurance Program.
(2) Includes other wind, hail, and/or flood losses associated with catastrophes involving tornadoes.
(3) Includes wildland fires.
(4) Includes losses from civil disorders, water damage, utility service disruptions, and any workers compensation catastrophes generating losses in excess of PCS's threshold after adjusting for inflation.

Source: Verisk's Property Claim Services® (PCS®).

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NATURAL DISASTER LOSSES IN THE UNITED STATES, 2014

Source: © 2015 Munich Re, NatCatSERVICE. As of January 2015.

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  • Insured annual U.S. winter storm losses in 2014 totaled $2.3 billion, according to an analysis by Munich Re.

 

 

NATURAL DISASTER LOSSES IN THE UNITED STATES, 2005-2014

 

(1) Includes hail, lightning, and tornado.
(2) Includes winter storm, winter damage, cold wave, and blizzards.
(3) Includes river flood, and flash flood. Exclude flood damage losses caused by tropical cyclone and hurricane.
(4) Includes flooding caused by hurricane, tropical cyclone. Includes loss information from National Flood Insurance Program.

Source: © 2015 Munich Re, NatCatSERVICE. As of January 2015.

 

 

SIGNIFICANT NATURAL CATASTROPHES IN THE UNITED STATES, 2014

Source: © 2015 Munich Re, NatCatSERVICE. As of January 2015.

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THE FIFTEEN MOST COSTLY U.S. WINTER EVENTS BY INSURED LOSSES, 1980-2014 (1)

($ millions)

        Losses when occurred   
Rank Date Event Location Overall Insured (2) Deaths
1 Mar. 11-14, 1993 Blizzard  AL, CT, DE, FL, GA, KY, LA, MA, MD, ME, MS, NC, NH, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV $5,000 $2,000 270
2 Jan. 5-8, 2014 Winter damage, cold wave  AL, CT, GA, IL, IN, KY, MA, MD, ME, MI, MN, MO, MS, NC, NE, NJ, NY, OH, PA, SC, TN, VA, WI 2,500 1,700 NA
3 Apr. 13-17, 2007 Winter storm, tornadoes, floods CT, DE, DC, GA, LA, MA, MD, ME, MS, NC, NH, NJ, NY, PA, RI, SC, TX, VA, VT, WV 2,000 1,600 19
4 Apr. 7-11, 2013 Winter storm CA, IN, KS, MO, NE, SD, WI 1,500 1,200 NA
5 Dec. 10-13, 1992 Winter storm CT, DE, NJ, NY, MA, MD, NE, PA, RI, VA 3,000 1,000 19
6 Jan. 31-Feb. 3, 2011 Winter storm, snowstorms, winter damage CT, IA, IL, IN, KS, MA, ME, MO, NY, OH, PA, RI, TX, WI 1,300 980 36
7 Dec. 17-30, 1983 Winter damage, cold wave FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NJ, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, WY 1,000 880 500
8 Jan. 17-20, 1994 Winter damage, cold wave CT, DE, IN, IL, KY, MA, ME, MD, NC, NH, NJ, NY, OH, PA, RI, SC,   TN, VA, VT, WV 1,000 800 70
9 Feb. 10-12, 1994 Winter damage AL, AR, GA, LA, MS, NC, OK, SC, TN, TX, VA 3,000 800 9
10 Jan. 1-4, 1999 Winter storm AL, AR, CT, DE, FL, GA, IL, IN, LA, MO, MA, MD, ME, MS, NC, NJ, NY,OH, OK, PA, RI, SC, TN, TX, VA, WV 1,000 780 25
11 Jan. 4-9, 2008 Winter storm AR, CA, CO, IL, IN, KS, MI, MO, NV, NY, OH, OK, OR, WA, WI 1,000 745 12
12 Jan. 31-Feb. 6, 1996 Winter damage AL, AR, CT, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NE, NJ, NY, OH, OK, PA, SC, TN, TX, VA, WV, WI 1,500 740 16
13 Feb. 24-25, 2013 Blizzard, winter damage LA, OK, TX 1,000 690 1
14 Oct. 28-31, 2011 Winter storm, winter damage CT, MA, NH, NJ, NY, PA  900 665 28
15 Jan. 6-9, 1996 Snowstorm CT, DE, IN, KY, MA, MD, NC, NH, NJ, NY, OH, PA, RI, TN, VA, VT, WV 1,200 600 85

(1) Most costly U.S. blizzards and winter storms/damages based on insured losses when occurred.
(2) Based on property losses including, if applicable, agricultural, offshore, marine, aviation and National Flood Insurance Program losses in the United States and may differ from data shown elsewhere.

NA=Data not available.

Source: © 2015 Munich Re, Geo Risks Research, NatCatSERVICE, as of January 2015.

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INSURED U.S. LOSSES DUE TO WINTER STORMS, 1980-2014 (1)

(2014 $ millions)

(1) Includes losses due to winter damage, blizzard, snow storm and cold wave.

Source: © 2015 Munich Re, Geo Risks Research, NatCatSERVICE, as of January 2015.