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Turkey quakes make up over half of global economic losses: Aon

Posted On: Apr. 18, 2023 9:54 AM CST

According to a report from Aon PLC, the massive earthquakes that struck Turkey and Syria on Feb. 6 resulted in economic losses of approximately $39.1 billion, comprising more than half of global economic losses in the first quarter of this year, Middle East Insurance Review reported. Aon’s preliminary estimate of global natural disaster losses is at least $63 billion. The earthquakes caused extensive damage to commercial, public and residential property besides infrastructure and other assets.