Turkey quake at $5.8bn was largest non-US cat event last year: Cresta

02 January 2024

The Kahramanmaras earthquake sequence in Turkey last February was the largest non-US industry loss event in 2023 at $5.8bn, Cresta’s Industry Loss Index (Clix) Q4 update said.

The quake was also the largest-ever cat loss for the Turkish insurance market.

Cresta increased its industry loss estimate for the event by around 20% from July, when it had estimated $5bn of industry loss.

Total

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