KCC pegs Turkey earthquake insurance losses at $2.4bn
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • X
  • LinkedIn
  • Email
  • Print
  • Free trial
  • Log in

KCC pegs Turkey earthquake insurance losses at $2.4bn

Samuel Casey
16 February 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • X
  • LinkedIn
  • Email
  • Print
ALAMY turkey earthquake Iskenderun february 7 2023.png
Photo: Alamy

Total insured losses stemming from the recent earthquake in Turkey are estimated to be around $2.4bn, according to modellers Karen Clark & Company (KCC).

KCC said that total property losses from the event at the beginning of last week are likely to exceed $20bn, with widespread building damage stemming from poor construction and lax enforcement of building codes.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Claims and losses
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article