Turkey earthquake: ~$1bn insurance losses to be borne by global reinsurers
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The total economic losses caused by the recent earthquakes in Turkey will likely exceed $25 billion, with insured losses surpassing $5 billion, global catastrophe risk modelling firm Moody’s RMS has said in its latest estimates that are significantly higher than those made by Fitch and Karen Clark & Company (KCC).
Moody’s RMS, Fitch, Karen Clark & Company, Insured losses, Turkey, Earthquake, Insurance, Reinsurance