Winter 2014: Among the Costliest in Decades
With more than three weeks to go, insured losses from severe weather are an estimated $1.5 billion, according to the Insurance Information Institute, and that covers only two of the four storms so far.
INN Breaking News, February 24, 2014
Insured losses from winter storms this year are now an estimated $1.5 billion, according to the Insurance Information Institute, compared to $2 billion for 2013. The estimate covers two of the four winter storms this year, which transpired between January 1 and February 2014, and more than 175,000 claims paid to policyholders, according to PCS, a division of Verisk Analytics.
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