Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
PCS tracking Turkish storm losses
- 3 August 2017
Property Claim Services (PCS) is tracking two storms that hit Turkey in July as catastrophe events after local media reported substantial insured losses.
Torrential rains on 27 July left the capital Istanbul under water, while hail damaged at least one jet aircraft.
PCS has not yet given any loss estimates for the storms, but the Turkish publication Hurriyet Daily News reported that the 18 July event alone cost insurers 200mn Turkish lira ($57mn).
When losses tracked by the Turkish media...
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