Winter storm Fern, which affected the United States from January 23rd through 26th, is expected to cause insurance market losses of more than one billion dollars, while it is likely to be compared to previous historic US winter storms, broker Aon has reported. All of which complicates the recovery and insured claims picture, which leads Aon to suggest this ultimately might be considered a historic US winter storm event. “While losses will continue to evolve in the coming weeks, the extensive impacts from the January 23-26 winter storm will likely rival that of previous historic U.S winter storms,” the broker stated. Winter storm Fern is seen as having caused at least 65 deaths and over 1.1 million people were without power at one stage of the storm’s peak. Also read: U.S. winter storm could contribute to aggregate erosion for certain cat bonds: Twelve Securis.