Verisk Estimates Insured Losses From Winter Storm Fern Could Reach $4 Billion

Dow Jones02-04 03:55
 

By Amira McKee

 

Verisk Analytics estimates that insured damages caused by winter storm Fern could reach $4 billion.

Early results from Verisk's U.S. winter storm model suggest 14 states, stretching from Texas to Massachusetts, may each exceed $50 million in insured losses, the company said Tuesday.

Freeze impacts are expected to be the largest driver of losses, with additional damages from wind and snow, according to an initial analysis by the company's catastrophe and risk solutions group.

If estimates hold true, Verisk said Fern would be the third costliest U.S. winter storm on record, behind winter storm Elliott in 2022 and winter storm Uri in 2021.

 

Write to Amira McKee at amira.mckee@wsj.com

 

(END) Dow Jones Newswires

February 03, 2026 14:55 ET (19:55 GMT)

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