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2 July 2026Risk Management

Venezuela quakes to top $10bn in losses with majority uninsured, warns Verisk

Verisk estimates economic losses from the June 24 earthquakes in Venezuela are likely to exceed $10 billion. The strategic data analytics and technology partner to the global insurance industry, Verisk warns that calculating the insured share of the damage is highly uncertain due to a mix of economic chaos, low insurance penetration, and sanctions-related market hurdles.

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