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Facts + Statistics: Winter storms

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Winter storms caused nearly $6 billion in insured losses in 2022, the second-highest year on record for winter storm insured losses in the last ten years, according to Aon. The third costliest winter event since 1950 occurred in December 2022, amounting to $3.5 billion insured losses. Winter storms include snow, ice, freezing and flooding.

U.S. Insured Losses from Winter Storms, 2015-2024

($ millions)

  Insured losses (1)
Year When occurred In 2024 dollars
2015 $3,918 $5,264
2016 1,178 1,564
2017 926 1,200
2018 3,791 4,798
2019 1,859 2,318
2020 1,098 1,341
2021 15,529 18,631
2022 10,197 10,970
2023 3,326 3,490
2024 3,933 4,020

(1) Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed.

Source: Aon.

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Top 10 Costliest U.S. Winter Events By Insured Losses, 1950-2024 (1)

($ millions)

        Insured loss
Rank Date Event Location When occurred In 2024 dollars (2)
1 Feb. 12-20, 2021 Polar Vortex, Texas Freeze TX, OR, WA, CO, NV, AR, OK, GA, NC, FL, IL, IN,
IA, WI, OH, PA, VA, NC, SC, LA, MO, MS		 $14,900 $17,913
2 Dec. 21-26, 2022 Winter storm Nationwide 7,700 8,189
3 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		 2,000 4,396
4 Feb. 16-22, 2015 Winter storm, winter damage CT, DC, DE, IL, KY, MA, MD, ME, MI, NC, NH, NJ,
NY, OH, PA, RI, SC, TN, VA, VT		 2,100 2,824
5 Dec. 17-30, 1983 Winter damage, cold wave AL, AR, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY,
LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE,
NJ, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT,
VA, WA, WI, WV, WY		 880 2,724
6 Jan. 5-8, 2014 Winter damage, cold wave  AL, GA, IL, IN, KY, MD, MI, MO, MS, NC, NJ, NY,
OH, PA, SC, TN, VA		 1,750 2,362
7 Dec. 10-13, 1992 Winter storm CT, DE, MA, MD, NJ, NY, PA, RI, VA, WV 1,000 2,225
8 Nov. 24-30, 1950 Winter storm CT, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VT 170 2,224
9 Mar. 1-3, 2018 Winter storm CT, DC, DE, MA, MD, NC, NJ, NY, PA, RI, VA 1,755 2,220
10 Jan. 29, 1951 Ice storm TN, TX, VA, AL, KY, MS, LA, GA, WV, VA, NC, SC 150 1,864

(1) Includes losses sustained by private insurers and government-sponsored programs such as the National Flood Insurance Program. Subject to change as loss estimates are further developed. As of January 2025.
(2) Adjusted for inflation by Aon using the U.S. Consumer Price Index.

Source: Aon.

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