BOSTON, July 22, 2013 – According to catastrophe modeling firm AIR Worldwide, rural communities in northwest China’s Gansu province experienced a devastating earthquake on July 21 at 23:45:56 UTC (July 21, 7:45 a.m. local time). Because of its low population and agricultural economy, there is little exposure in Gansu province and insurance take-up rates are low. While damage is likely to be serious and potentially widespread, AIR does not expect significant insured losses from this event. The magnitude of the earthquake has been estimated as 6.6 by the China Earthquake…
Read MoreLandslides and Building Damage Follow Earthquake in Gansu Province, China: AIR
