Aon’s latest catastrophe report found that last month’s series of storms and severe cold temperatures have cost the US about a billion dollars. The global professional services company’s Global Catastrophe Recap report for January 2019 revealed that for the month of January, there were a total of 45 deaths caused by winter storms.
Five severe winter events contributed to the total estimated one billion dollar economic loss for the period, Aon noted. Of the five events, the so-called “Polar Vortex” that affected much of the Eastern US from Jan. 29-31 was the most destructive, killing at least 22 people and racking up an estimated total economic and insured loss within the hundreds of millions.