Economic damage from earthquakes in Italy has exceeded $1 billion

Economic damage from earthquakes in Italy has exceeded $1 billion

Moscow. August 25. The economic damage from the earthquake on August 24 in Central Italy, according to preliminary estimates, exceeded $1 billion, insurance – $500 million, estimated by experts KAC. The totals are likely higher.

As reported by Bloomberg, the losses of the reinsurance industry may be greater than after the earthquake in 2009 in Italy, where Generali has lost 100 million euros, Axa – 41 million euros, Hannover Re, and 11.2 million euros, Munich Re 23 million euros.

In the world25 Aug 2016Количество earthquake victims in Italy has risen to 247Читать read more

However, low penetration of insurance services of property in Central Italy can reduce losses of insurers. According to Generali in the region are insured only 20% of households.

The earthquake of a magnitude of 6.2 occurred in Central Italy in the night of Wednesday. Strongest tremors were felt residents of the provinces of Lazio, Marche and Umbria. Most in the earthquake affected localities Amatrice, recognized last year as one of the most beautiful cities in Italy, Accumuli, Post and Arquata del Tronto.

The number of victims is approaching 250, the rescue work continues. At the scene working team of rescuers together with soldiers, police and volunteers of the regional branch of the red cross.

Red cross and emergency services addressed to the residents of the region with a request to disable the passwords of Wi-Fi networks, to facilitate coordination of the work of rescuers and volunteers, says The Wired.

Art critics and historians fear serious damage to the masterpieces of Italian architecture, painting, sculpture. The Ministry of culture of Italy announced that it recognized the save lives and aid to the poor an absolute priority at the moment, but on Thursday held an emergency meeting of the heads of departments to assess the cultural damage.