Now here is the thing.
I once had a similar bug and the same error-code when Island Living was released. I eventually realized that my game crashed every time I placed a door in build mode. At some point I started a completly New save file and that fixed my problem.
With this bug it's quite different. I tried every Single aspect of the game. I went into live-mode, BnB-Mode, Cas, retail, clinics, playable work, even destination lots and it always crashes. No matter what I do, it always crashed. There was no fix timing, it sometimes crashed right after loading, sometimes it crashed after 30 minutes. So, a few minutes ago snowy escape officially release here in my country so i tried to start a new game and a new save file and again it crashed.
The sad thing is, and I know I am not alone, I paid a fortune on this game. And I'm quite sad that the Update was not tested thoroughly on console. To be honest, since there are so many people with this problem, only a few minutes of testing on separate consoles would have been enough to learn about the Bug.
The game is unplayable at the moment and I think an unplayable game would be a reason to fix this asap.