Winter Storm Fern Could Inflict $100 Billion‑Plus Hit on US Economy
Summary
A major winter storm named Fern has caused significant disruptions across many U.S. states. Experts estimate that the financial damage could exceed $100 billion, affecting millions of people through canceled flights, closed schools and businesses, and power outages.Key Facts
- Storm Fern can cause financial losses between $105 billion and $115 billion.
- The storm affects around 200 million people in the U.S.
- There were over 10,000 canceled flights due to the storm.
- Many areas experienced power outages, impacting hundreds of thousands of people.
- After the snowfall, very cold weather could worsen power outage issues.
- The hardest-hit areas may experience long-lasting power outages due to ice.
- Insurance claims are expected to increase significantly, especially in regions not prepared for severe cold.
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