Winter hits US for $2.3bn insured loss.

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    • Subject Terms:
      UNITED States; CALIFORNIA
    • Abstract:
      The article discusses the severe New England winter's contribution to the estimated insured losses in the U.S. for the winter 2014-2015 season according to reinsurance company Munich Re's NatCatService and Property Claim Services (PCS). Topics covered include the losses reflecting major storms during the season, the bursting of frozen pipes that constituted the majority of winter storm claims, and high amounts of snow in the eastern U.S. Also mentioned are drought conditions in California.