Winter Storms Result in Nearly $6 Billion in Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Yahoo Finance
- Insurance Loss Overview: Winter storms in 2022 resulted in nearly $6 billion in insured losses across the U.S., marking the second-highest winter storm losses in the past decade, highlighting the significant economic impact of extreme weather.
- Historical Loss Comparison: The 2021 Polar Vortex caused approximately $18.6 billion in insured losses, underscoring the high costs associated with winter weather events and the substantial financial strain on businesses and households.
- Importance of Insurance Coverage: Affected homeowners, drivers, and businesses must understand their insurance coverage to expedite recovery and alleviate financial stress, ensuring a smoother claims process after losses occur.
- Future Response Strategies: Loretta Worters, VP of the Insurance Information Institute, emphasizes that proactive planning and investment in mitigation measures are crucial for reducing the impact of future storms and enhancing resilience for households and businesses.
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Analyst Views on AON
Wall Street analysts forecast AON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AON is 396.20 USD with a low forecast of 328.00 USD and a high forecast of 449.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 333.000
Low
328.00
Averages
396.20
High
449.00
Current: 333.000
Low
328.00
Averages
396.20
High
449.00
About AON
Aon PLC is a global professional services company. The Company’s segments include Risk Capital and Human Capital. The Risk Capital segment supports clients through its Commercial Risk and Reinsurance solution lines. Commercial Risk includes insurance and specialty brokerage, global risk consulting, captives’ management, and Affinity programs. Reinsurance includes treaty reinsurance, facultative reinsurance, strategy and technology Group, and capital markets. The Human Capital segment supports clients through its Health solution. Health includes consulting and brokerage, consumer benefits solutions, and talent advisory services. It also provides retirement consulting. Treaty reinsurance addresses underwriting and capital objectives on a portfolio level, allowing its clients to manage the combination of premium growth, return on capital, and rating agency interests on an integrated basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Aon to Announce Q4 Earnings on January 30
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