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Turkish insurance pool pays over $340 million in quake-related claims

Posted On: Mar. 30, 2023 9:55 AM CST


The Turkish Catastrophe Insurance Pool has so far paid 6.5 billion Turkish lira ($340.36 million) for damage claims related to the massive earthquakes that struck the country on Feb. 6 and caused extensive and widespread destruction, Reinsurance News reported. Recent data show that the quakes damaged 416,021 buildings, with a total of 21,850 declared as collapsed and 27,836 reported with heavy damage.