Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
Insured losses from Turkish storms rise
- 9 August 2017
Aon Benfield's latest Impact Forecasting weekly cat report has predicted that forecast insured losses from a brace of recent storm outbreaks in Turkey could reach $441mn.
The firm had previously put out a $200mn-$350mn amount for combined losses, based on local media reports.
But on Friday (4 August) it said the most damaging storm on 27 July alone could produce claims as high as $341mn. This storm left the capital Istanbul under water while hail damaged at least one jet...
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