NU Online News Service, Oct. 26, 1:55 p.m. EST
Catastrophe modeler AIR Worldwide puts estimated insured losses from the magnitude 7.2 earthquake in eastern Turkey at between $55 million and $170 million, lower than the $100 million to $200 million estimate released yesterday by Eqecat.
AIR says the range in losses is due to “uncertainties that exist in estimating earthquake-source parameters e.g., magnitude, rupture length, depth, dipping angle, etc.”
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