In cold climates, the damage to the transmission tower-line system is usually caused by ice shedding, broken conductors, and broken ground wires. To replicate the ice shedding and broken conductor scenarios more accurately and expeditiously within the transmission tower-line system, we have engineered a finite element computational program leveraging the co-rotational theory method, utilizing the C++ programming language. Additionally, we have orchestrated its visualization interface utilizing the QT and Visualization Toolkit (VTK) platforms. This program can accurately and rapidly simulate large displacement geometric nonlinear problems. An ice detachment criterion considering the resultant acceleration is proposed. Compared with previous judgment criteria, the criterion proposed in this article can adapt to the previous prediction accuracy and is more efficient in calculation. A finite element method for disconnection simulation of “node failure” was proposed, and its accuracy and computational efficiency were verified by comparison with experiments. By analyzing the coupling effect of disconnection and deicing in the tower line system, it is concluded that ground wires often have a stronger deicing effect than conductors. Although broken conductor will cause large-scale ice shedding from the span, the impact on the most dangerous point of the tower will be very small, this providing a theoretical basis for ice-covered broken conductor in the tower-line system. The simulation method proposed in this article also provides a new research idea for the simulation of ice shedding and broken conductor of tower-line systems.