Winter storms have already wreaked havoc on the US, with the snow and ice-filled January causing 45 deaths and contributing to one billion dollars of economic loss for the period thanks to five severe winter events, according to Aon’s Global Catastrophe Recap report for January 2019.
From a property perspective, cold snaps, polar vortexes, and plain old snowfall can create problems for the physical locations where companies do business. In fact, one of the most common causes of property loss in this type of weather is frozen pipes.
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