Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon April 17, 2023 Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to...
Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk March 10, 2023 By Susana Vera and Ceyda Caglayan Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of...
Before Fatal Quake Collapse, Turkish Building Skirted Code, Thanks to Erdogan Policy March 6, 2023 By David Gauthier-Villars and Natalie Thomas MALATYA, Turkey (Reuters) — The Trend Garden Residence, an upscale serviced apartment building in the Turkish city of Malatya, boasted...
Turkey Issues Rebuilding Rules After Quake Leaves Millions Homeless, Kills Thousands March 3, 2023 Turkey issued rebuilding regulations on Friday for a region devastated by earthquakes this month to enable companies or charities to...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
Turkey Needs to Build Million Homes After Earthquakes, Developer Says February 16, 2023 By Taylan Bilgic Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes,...
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates February 14, 2023 Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely...
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch February 9, 2023 Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according...
Earthquake Update: More Than 20,000 Dead Across Turkey, Syria; Rescue Efforts Intensify February 9, 2023 By Bloomberg News Thousands of foreign aid workers have arrived in Turkey and the first UN aid convoy has entered Syria after this...