U.S. winter storm that hit Canada cost U.S. insurers up to $1.4 billion: AIR Worldwide

A winter storm that dumped 15-20 cm of snow in many areas of Ontario is estimated to have caused between $790 million and $1.4 million in insured losses in the United States prior to its arrival in Canada.
AIR Worldwide said the ferocious U.S. winter storm — one of the largest since the 1950s — affected nearly 100 million people across 30 states.
The storm cut a swath across Texas to Canada, dropping more than a foot and half of snow in some regions of the United States and bringing high winds, sub-zero wind chill temperatures, freezing rain and ice, AIR Worldwide noted.
“A number of seasonal snow accumulation records [in the United States] were broken,” according to AIR Worldwide. “In the Northeast, officials reported a new record in Newark, New Jersey, which now has 62 inches of snow, compared with the seasonal average of 25 inches. In New York City, 56 inches of snow have fallen on Central Park, compared with an average of 22 inches.”
The storm seemed to run out of steam at the 49th parallel. At the onset of the storm in Ontario, Environment Canada was predicting snowfalls of up to 30 cm. It later revised its estimate to between 15 and 20 cm, with some parts of southern Quebec getting up to 25 cm of snow.
The winter weather has moved to Atlantic Canada, and Environment Canada was predicting about 10 cm of snowfall in many areas of Nova Scotia.