03-08-2017 13:24 via insuranceinsider.com

PCS tracking Turkish storm losses

Property Claim Services (PCS) is tracking two storms that hit
Turkey in July as catastrophe events after local media reported
substantial insured losses.
Torrential rains on 27 July left the capital Istanbul under
water, while hail damaged at least one jet aircraft.
PCS has not yet given any loss estimates for the storms, but the
Turkish publication Hurriyet Daily News reported
that the 18 July event alonecost insurers 200mn Turkish lira ($57mn).
When losses tracked by the Turkish media...
Read more »