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Extended winter storms in US lead to cat losses exceeding a whole lot of thousands and thousands of USD: Aon – Reinsurance News

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With the cumulative results of the winter storms throughout the United States, complete financial and insured losses are anticipated to surge into the a whole lot of thousands and thousands USD, presumably larger, in keeping with Aon’s latest weekly cat report launched on January 26, 2024.

Severe winter storms have besieged the US for 3 consecutive weeks, leaving a path of destruction, claiming the lives of a minimum of 92 people.

The report reveals an unprecedented mixture of heavy snowfall, freezing rain, and vital flooding, notably in Southern California.

The interval from January 18 to 22 witnessed a resurgence of winter climate throughout the Great Plains, Midwest, and Mid-Atlantic.

A subsequent ice storm in northwest Oregon was adopted by heavy lake-effect snow, notably affecting Michigan, Indiana, and New York. Southern California, together with San Diego and Ventura Counties, skilled an excessive rainfall occasion on January 22, deemed a “1-in-1000-year flooding event.”

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San Diego International Airport recorded 2.73 inches of rain in a single day, surpassing data courting again to 1851.

The toll of the continuing winter storms is alarming, with round 92 reported fatalities. Southern California, notably San Diego and Ventura Counties, declared a state of emergency as catastrophic flooding wreaked havoc, leaving a whole lot of houses, businesses, and autos in ruins.

The Southern U.S., together with Texas, Louisiana, and Mississippi, additionally confronted substantial flooding, resulting in boil water notices for over 600,000 individuals within the Memphis, Tennessee metro space.

As of January 24, San Diego County officers reported over 1,000 individuals submitting flood harm surveys, indicating the widespread influence of the calamity, the report famous.

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