January storm could be one of Ohio’s costliest


COLUMBUS, Ohio (AP) — Ohio insurance officials say the early
January deep freeze, accompanied by heavy snow and ice, will end up
being one of the costliest winter storms in the state in recent decades.
figures released Thursday by the Ohio Insurance Institute show that the
bills for broken and frozen water pipes, ice buildup and wind damage
Jan. 5-8 will end up running from $97.8 million to $124.4 million.
The Columbus Dispatch (http://bit.ly/1dI6UhJ )
reports that insurers have received 14,748 claims so far, with about
three-quarters from homeowners. Most of the rest are from businesses.
chills as low as 49 below hit the state during that period along with
ice, heavy snow and high winds. Several cities posted record low
Winter storms in Ohio had not caused this much
damage since December 2004, when insured losses totaled $105 million in
today’s prices. A blizzard in March 1993 caused insured losses of $193.5
"It’s been a busy winter," said Ken Escoe, Nationwide’s
senior claims director for catastrophe operations. "We’ve had our
Nationwide catastrophe team working claims in various states — probably
at one point 30 states."
Nationally, insured losses from winter storms also have been high.
Insurance Information Institute has calculated losses of $1.5 billion
from storms from Jan. 1 to Feb. 21, with more than 175,000 claims paid.
The group says total costs from this winter could put it among the worst
five winters since 1980.
Winter storms typically produce the third-largest number of catastrophic losses, behind tropical storms
and tornadoes.
Information from: The Columbus Dispatch, http://www.dispatch.com
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or

No posts to display