TURKEY DISASTER LOSSES TO REACH $170M

THE 7.2 magnitude earthquake that devastated Turkey’s eastern city of Van on Sunday is likely to have caused up to $170m (£106m) of insured damage, risk modelling firm AIR Worldwide said yesterday. It said insured losses would be at least $55m, and warned the region had suffered more than 400 aftershocks of 3.0 magnitude or higher.