Economic Losses From U.S. January Storm Around $2B

A winter storm that struck the eastern seaboard of the United States in January caused around $2 billion in economic losses, and hundreds of millions of dollars in insured losses, reinsurance broker Aon Benfield said on Tuesday. The storm brought "prodigious snowfall, high winds, coastal flooding, freezing rain, ice, sleet and severe thunderstorms," to the region, killing 58 people, Aon Benfield said in its monthly global catastrophe report. Insured losses were projected to reach "well into the hundreds of millions", it added.