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Turkey earthquakes to cost insurers $2.4 billion: KCC


(Reuters) - Catastrophe modeling firm Karen Clark & Co. said Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month.

The number of people killed by the deadliest earthquake in Turkey's modern history has risen to 36,187, authorities said.

Total property losses from the magnitude 7.8 and 7.5 earthquakes are expected to be close to $20 billion, KCC said.

The firm's insured loss figure did not include Syria, where the disaster has compounded a humanitarian crisis caused by 12 years of war.

The earthquakes destroyed or heavily damaged more than 41,000 buildings across ten of Turkey's 81 provinces, according to the report.




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