Italy earthquake insurance losses may be minor

italy earthquake insurance

Damage from the quake was extensive and the aftershocks continued over a span of several days. The total damage from the devastating Italy earthquake has yet to be tallied as it is too early to know. That said, the insurance industry has predicted that the insured losses will not be significant. The property values in the affected towns and the lack of coverage has meant limited losses for insurance companies. Despite the fact that there won’t be tremendous insurance losses, the disaster left behind for the people is horrifying. In…

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