Boston-based catastrophe risk modeling firm AIR Worldwide estimates that insured losses from the winter storm that hit the East Coast in late February will be between $150 million and $350 million.

AIR estimates insured losses from two prior storms in early February to be between $400 million and $ 1 billion.

"The third winter storm to slam the Northeast coast last month reached its height on Friday, Feb. 26, impacting nine states in the mid-Atlantic and New England through Saturday," said Peter Dailey, director of atmospheric science at AIR Worldwide.

The storm combined heavy snowfall, flooding rain and impressive winds, some of which reached hurricane-strength. In Manhattan, where nearly 21 inches of snow were recorded in a 36-hour period, the storm set an all-time record for snow in the month of February. The storm also set a record there for accumulation in a single day. Elsewhere, snowfall totaled more than two feet over parts of eastern New York State and western Massachusetts, according to a statement.

Damage caused by snow accumulation and high winds is likely to reflect in the claims. The number of claims is expected to be significant because the storm impacted residents from New Jersey to Maine.