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1 October 2016
Risk modeller Eqecat has more than doubled its estimates on insured losses in northern Italy, following two damaging aftershocks a week after the May 20 earthquake.
Eqecat estimates $US375-875 million ($385-$898 million) in insured losses. The previous estimate was $US127 million ($131 million).
More information on insurance values in the region along with losses from the aftershocks have caused the increase, says Eqecat. There are also “increased vulnerabilities” of structures already affected by the May 20 quake.
Fourteen people have been killed and authorities are warning of possible further damaging aftershocks.
Risk Management Solutions says full-value earthquake policies are exceptionally rare in Italy. If offered at all, most policies have limits between 20% and 50% of the sum insured, it says.
28 September 2016
If you have insurance experience and are looking for a change of pace, consider a support role, looking after an insurance software package.
26 September 2016
2 great claims roles available with a successful and growing national company, great team environment, ongoing training & progression opportunities.
19 September 2016
Exciting opportunity to utilise your insurance knowledge in the sales and service team, Collins Street location.