KCC pegs Turkey earthquake insurance losses at $2.4bn
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KCC pegs Turkey earthquake insurance losses at $2.4bn

Samuel Casey
16 February 2023
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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

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Samuel Casey
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