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Topic: catastrophe-risk

A seismometer, an instrument that records earthquakes
New Economy
Thursday, 7/2, 10:44 AM

Venezuela's Quake Losses Seen Topping $10 Billion, Most of It Uninsured

  • Risk-modeling firm Verisk estimates economic losses from the twin earthquakes that struck Venezuela on June 24 will exceed $10 billion — but with almost no earthquake insurance in the country, the bill will fall overwhelmingly on households and the state, not insurers.
  • It's a stark example of the world's 'protection gap.'

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