Economic losses from Venezuela quakes to exceed $10bn, insured impact still unknown: Verisk
Jul 2nd, 2026 • 5 min • View Source
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Catastrophe and Risk Solutions group at Verisk has estimated that economic losses from the June 24, 2026 earthquakes in Venezuela will likely exceed USD 10 billion, with a higher degree of uncertainty than usual in estimating the insured share of industry losses due to Venezuela’s macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related […] Economic losses from Venezuela quakes to exceed $10bn, insured impact still unknown: Verisk was published by: www.Artemis.bm catastrophe bond deal directory our free weekly email newsletter here.
Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.
Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.