Last weekend’s Nor’Easter that blanketed the Eastern Seaboard with record snowfall is a potent reminder to insurers that an already active year of catastrophes is far from over.
The storm toppled trees and caused extensive power line damage throughout Connecticut, Massachusetts, New Jersey and New York. Emily Paterson, associate catastrophe response manager at
“The snowstorm caused widespread power outages, with approximately 4 million people across 5 states losing power,” Paterson said “Extensive tree and power line damage means that around 25 percent of the peak power outage is continuing through to today, with outages anticipated to carry on through the week, particularly in the Northeast.”
“Standard homeowners and business insurance policies provide coverage for a wide range of snow- and ice-related disasters such as losses incurred due to burst pipes, wind damage and wind-driven rain, as well as damage caused by downed trees, limbs or other falling objects,” said I.I.I. VP Michael Barry. “Car accidents caused by slippery road conditions are also covered under standard auto insurance policies.”