News Middle East27 Feb 2023

Turkiye:Total economic and insured losses quakes likely to exceed US$25bn and $5bn respectively

| 27 Feb 2023

Moody's RMS, a leading global catastrophe risk modelling and solutions company, estimates economic losses from the moment magnitude (Mw) 7.8 and 7.5 earthquakes that struck southern Turkiye on 6 February are likely to exceed $25bn, and the total insured loss is likely to exceed $5bn.

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