Aon has revealed that total economic and insured losses will likely exceed $1 billion from the historic winter storm that severely impacted a large part of the United States and eastern Canada on January 23-26. Similar snow impacts extended into Ontario, Canada, with Toronto Pearson Airport seeing roughly 70% of all flights on January 24–25 cancelled or delayed. With all this in mind, and accounting for the damages observed so far, Aon has indicated that total economic and insured losses are expected to exceed one billion USD. 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,” Aon concluded. In related news, independent re/insurance broker BMS recently observed that the winter storm could generate several hundreds of millions of dollars in insured losses.