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Displaying 2 of about 2 resultsGeneva, 11 January 2012 - Estimates of between $350 billion to $380 billion in global economic losses from disasters have made 2011 the most expensive year in history for catastrophes, according to the insurance industry.
The earthquakes in Japan in March and New Zealand in February accounted for the bulk of these losses, according to estimates issued…
By Dizery Salim
GENEVA, 2 November 2011 – Turkey’s 23 October quake revealed that only 9 per cent of building owners were insured despite it being mandatory in the country’s municipal areas.
Turkey’s main earthquake insurance authority says the low figure comes from having too few people with insurance in the affected region, citing lack of awareness,…