Winter Storm Fern Causes $6.7 Billion in Insured Losses Across U.S.
Winter Storm Fern, which occurred in late January, has resulted in insured losses amounting to $6.7 billion, making it one of the most expensive winter storms since 1950. The estimate, provided by catastrophe modeler KCC, includes damages to residential, commercial, and industrial properties due to snow, ice, wind, and freezing temperatures. The storm affected over half of the U.S. states, impacting approximately 200 million people from January 23 to January 27. The most significant damage was caused by freezing temperatures, followed by snow and ice. The storm led to widespread power outages from southern New Mexico and Texas up to Kentucky, with record low temperatures recorded in cities like Austin, San Antonio, and Houston. Texas and Tennessee experienced the highest losses. 
