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U.K. earthquake to cost tens of millions

Ettie Schmitt

May 02, 2007 Reprints

Catastrophes P/C Insurers United Kingdom More + Less -

LONDONThe earthquake that shook parts of the southern county of Kent last week could have caused up to £50 million worth of damage according to the Association of British Insurers.

The earthquake hit parts of Kent on the morning of April 28 and measured 4.3 on the Richter scale.

A spokesman for the ABI said that the damage was expected to be in, "the low tens of millions," and said that the association will try to give a more exact figure as soon as possible.

The spokesman said that events of this type, "are what insurance cover is for." It is understood that damage caused by earthquakes in the United Kingdom would be covered by both commercial and personal insurance policies.

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U.K. earthquake to cost tens of millions

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