Category: Markets
Published: 2026-07-02T09:05:02.000Z
Verisk's Catastrophe and Risk Solutions group estimates that economic losses from the June 24, 2026 Venezuela earthquakes will likely surpass USD 10 billion. The report highlights significant uncertainty in estimating insured losses due to Venezuela's macroeconomic instability, low insurance penetration, and sanctions. The magnitude 7.2 foreshock and 7.5 mainshock represented the strongest earthquake sequence in Venezuela since 1900, causing widespread damage, particularly in the Caracas metropolitan region and La Guaira.
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