This statistic presents the most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses. The February 2021 polar vortex which struck central and eastern parts of the U.S. was the most costly winter events in the United States as of 2022, causing losses of over 17 billion U.S. dollars, when adjusted to 2022 prices.
Most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses
(in million U.S. dollars)
The source adds the following information: "Based on property losses including, if applicable, agricultural, offshore, marine, aviation and National Flood Insurance Program losses in the United States and may differ from data shown elsewhere."
Losses were adjusted for inflation through 2022 by the source.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Insurance Information Institute. (December 4, 2023). Most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/216897/insured-losses-due-to-costliest-us-winters/
Insurance Information Institute. "Most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses (in million U.S. dollars)." Chart. December 4, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/216897/insured-losses-due-to-costliest-us-winters/
Insurance Information Institute. (2023). Most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/216897/insured-losses-due-to-costliest-us-winters/
Insurance Information Institute. "Most Expensive Winters to The Insurance Industry in The United States from 1950 to 2022, by Insured Losses (in Million U.S. Dollars)." Statista, Statista Inc., 4 Dec 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/216897/insured-losses-due-to-costliest-us-winters/
Insurance Information Institute, Most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/216897/insured-losses-due-to-costliest-us-winters/ (last visited November 10, 2024)
Most expensive winters to the insurance industry in the United States from 1950 to 2022, by insured losses (in million U.S. dollars) [Graph], Insurance Information Institute, December 4, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/216897/insured-losses-due-to-costliest-us-winters/
