The insurance and reinsurance broker would not be drawn on the eventual cost to the industry from January’s cold and winter storms, but it is expected to result in losses for insurers, although any reinsurance contract impact is likely to be minimal. January 's winter storms and freezing temperatures have cost the US economy billions of dollars , according to insurance and reinsurance broker Aon . Dozens of people died last month as wind chill temperatures fell as low as -54C in the mid - afternoon . The weather is also likely to have caused losses to businesses , damn it . But it added that the impact on reinsurance contracts is likely to be minimal .
January 's winter storms and freezing temperatures have cost the US economy billions of dollars , according to insurance and reinsurance broker Aon . Dozens of people died last month as wind chill temperatures fell as low as -54C in the mid - afternoon . The weather is also likely to have caused losses to businesses , damn it . But it added that the impact on reinsurance contracts is likely to be minimal .