WINTER STORMS Winter storms are the third-largest cause of catastrophe losses , resulting in about $1 billion in insured losses annually. Melting snow can inflict significant damage to property. From 1987-2006, winter storms resulted in more than $23 billion in insured losses.
INFLATION-ADJUSTED U.S. CATASTROPHE LOSSES BY CAUSE OF LOSS, 1988-2007 (1) (2007 $ billions)
(1) Catastrophes are all events causing direct insured losses to property of $25 million or more in 2007 dollars. Adjusted for inflation by ISO.
(2) Includes hurricanes and tropical storms.
(3) Excludes snow.
(4) Includes other geologic events such as volcanic eruptions and other earth movement.
(5) Does not include flood damage covered by the federally administered National Flood Insurance Program.
(6) Includes wildland fires.
