Insured loss from Turkey quakes estimated at $3.5 billion: Perils
Posted On: Mar. 22, 2023 9:44 AM CST![Earthquake](https://bicontent.businessinsurance.com/361caa72-0486-496d-ba3d-dc9a26c9e5f0.jpg)
Swiss catastrophe data provider Perils AG estimates insured and reinsured property losses of $3.5 billion from the massive earthquakes that struck Turkey on Feb. 6, Artemis reported. This is way below Risk Management Solutions Inc.’s industry loss estimates of above $5 billion but aligns closely with Hannover Re SE’s estimates of €3.5 billion ($3.76 billion) to €4 billion.