U.S. Freeze Costs $3.5 Billion Including Travel Delays
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Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more than $3.5 billion in economic losses, according to insurance broker Aon Plc.
Insurers estimated losses of more than $1.4 billion from the second week of January, the most costly of four extreme-weather periods during the month, the London-based broker said today in a report. Insured losses from the three other stretches totaled about $200 million.