Winter Storms

Winter Storms

Winter storms caused $1.9 billion in insured losses in 2013, up dramatically from $38 million in 2012, 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, 1994-2013 (1)

(2013 $ billions)

(1) Adjusted for inflation through 2013 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: The Property Claim Services® (PCS®) unit of ISO®, a Verisk Analytics® company.

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NATURAL DISASTER LOSSES IN THE UNITED STATES, 2013

Source: © 2014 Munich Re, NatCatSERVICE. As of January 2014.

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  • Insured annual U.S. winter storm losses in 2011 totaled $2.0 billion, according to an analysis by Munich Re.

 

SIGNIFICANT NATURAL CATASTROPHES IN THE UNITED STATES, 2013

Source: © 2014 Munich Re, NatCatSERVICE. As of January 2014.

 

 

THE FIFTEEN MOST COSTLY U.S. WINTER EVENTS BY INSURED LOSSES, 1980-2013 (1)

($ millions)

        Losses when occurred   
Rank Date Event Location Overall Insured (2) Deaths
1 Mar. 11-14, 1993 Blizzard  24 states affected $5,000 $1,980 270
2 Apr. 13-17, 2007 Winter storm, tornadoes, floods Northeast, Southeast, South, CT; DE; D.C.; GA; LA; MA; MD; ME; MS; NC; NH; NJ; NY; PA; RI; SC; TX; VA; VT; WV 2,000 1,575 19
3 Apr. 7-11, 2013 Winter storm CA; IN; KS; MO; NE; SD; WI 1,500 1,200 NA
4 Dec. 10-13, 1992 Winter storm Northeast, Midwest, VA; MD; DE; PA; NJ; NY; CT; RI; MA; NE 3,000 1,000 19
5 Jan. 31-Feb. 3, 2011 Winter storm, snowstorms, winter damage TX; CT; MA; IL; NY; OK; OH; PA; RI; IN 1,300 975 36
6 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
7 Jan. 17-20, 1994 Winter damage, cold wave PA; NJ; NY; OH; MA; IN; NC; VA; WV; KY; MD; NH; DE; ME; RI; VT; CT; IL; TN; SC 1,000 800 70
8 Feb. 10-12, 1994 Winter damage South, Southeast, TX; OK; AR; LA; MS; AL; TN; GA; SC; NC; VA 3,000 800 9
9 Jan. 1-4, 1999 Winter storm South, Midwest, Southeast, Northeast, TX; OK; AR; MO; LA; MS; AL; GA; FL; SC; NC; TN; IL; IN; OH; PA; WV; VA; MD; DE; NJ; NY; CT; RI; MA; ME 1,000 775 25
10 Jan. 4-9, 2008 Winter storm South, Southwest, Midwest, North, Northeast, Northwest, AR; CA; CO; IL; IN; KS; MI; MO; NY; OH; OK; OR; WA; WI; NV 1,000 745 12
11 Jan. 31-Feb. 6, 1996 Winter damage 31 states affected 1,500 735 16
12 Feb. 24-25, 2013 Blizzard, winter damage LA; OK; TX 1,000 690 1
13 Oct. 28-31, 2011 Winter storm, winter damage CT; NJ; MA; NY; PA; NH 900 665 28
14 Jan. 6-9, 1996 Snowstorm Midwest, Northeast 1,200 600 85
15 Feb. 9-14, 2010 Winter storm, blizzards, winter damage VA; KY; SC; MS; MD; DC; DE; PA; NJ; NY; RI; MA; OH; IL; IA; TX; OK; NC; WV 800 600 NA

(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: © 2014 Munich Re, Geo Risks Research, NatCatSERVICE.

 

 

TOP TEN WINTER STORM AND WINTER DAMAGE EVENTS IN THE US AND CANADA, 1980-2013 (1)

(1) Top ten events in original insured loss dollars were adjusted to and ranked by the Insurance Information Institute to 2013 inflation-adjusted values.

Source: Munich Re NatCatSERVICE; Insurance Information Institute.

 

 

WINTER STORM AND WINTER DAMAGE EVENTS IN THE US AND CANADA, 1980-2013

Source: Munich Re NatCatSERVICE; Insurance Information Institute.