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Despite the devastation and billions of dollars in economic damage that Turkey has suffered from Sundays 7.2 magnitude earthquake, the insurance industrys burden should be minimal with one loss estimate at up to $200 million.

Recent Hurricane Irene estimates put U.S. insured losses between $1.6 billion and $6.6 billion.

Crop insurance has been available for many decades in key producing markets in North America, Europe, Australia and South Africa. Peril and multi-peril crop insurance are the main products available to predominantly large-scale farmers using modern farming technology.

Is the world a riskier or safer place? We ask Karl Zimmel, director of risk-management services at UniSource Energy Corp.

Insurance-industry experts are cautioning that the death of Osama bin Laden does not represent the end of the terrorism threat for the United States. The threat, in fact, may worsen if terrorists seek to execute a reprisal attack.

Insurers may not know the true impact of a recent snow storm that blanketed the Northeast until the ice and snow melt, but for now State Farm, the area's leading insurer, said it has received nearly 600 claims as of Monday at midnight.

In terms of insurance losses, the blizzard that hit the northeast over the holiday weekend is less severe than snowstorms affecting the same area earlier this year, according to officials at the Insurance Information Institute.

The Association of British Insurers (ABI) said freezing weather in the United Kingdom could cost insurers $1 billion this winter.