Italy - Insured Losses of 2016’s Quake $127.4M
Saturday, 08 26 2017, Category: Nature, Country: Europe
The final property insurance market loss estimate for the magnitude 6.0 earthquake that hit Central Italy on Aug. 24, 2016 has increased to €108 million (US$127.4 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data.
This compares to an earlier loss estimate of €66 million ($77.9 million) issued by PERILS on Nov. 24, 2016, three months after the event. Estimates are based on loss data collected from insurance companies.
Source: Insurance Journal