Total insured losses from Turkey Earthquake estimated $2.4 bn, property losses $20 bn

Total property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion, with the M7.8 earthquake accounting for the bulk of those losses.

According to the high-resolution KCC Turkey Earthquake Reference Model, total insured losses are estimated to be $2.4 billion. The loss figures do not include losses within Syria.

The 6 February earthquake occurred near a triple junction of three tectonic plates in southeastern Turkey near the Turkey-Syria border, approximately 21 miles west of Gaziantep.

It was followed by numerous aftershocks, the largest of which was a M7.5. The mainshock is the largest magnitude event to occur in Turkey since the 1939 Erzincan M7.8 earthquake, though a large magnitude earthquake (M7.6) did strike the region near Izmit in 1999.


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