The powerful earthquake that struck eastern Turkey last week can generate losses for insurers, as some 35 percent of houses in the quake-hit Elazığ had been insured, an official has said.
Speaking to state-run Anadolu Agency, Mete Güler, the chairman of Turkish Catastrophe Insurance Pool (DASK), said that 43,000 residential houses out of 123,000 in Elazığ are currently insured.
NBA in a game on Jan. 29 between Cleveland Cavaliers and New Orleans Pelicans commemorated the victims of a recent deadly earthquake in Turkey.
Electronic billboards displayed: "Our Prayers are with you Elazığ and Malatya", referring to the eastern provinces of Turkey where a 6.8-magnitude quake claimed 41 lives and injured more than a thousand others.
Turkey readies itself to accelerate urban transformation projects as some 10,000 residences for a satellite city will be constructed in the quake-hit eastern Elazığ province's Yemişlik district.
The magnitude 6.8 quake of Jan. 24 caused 37 deaths in Elazığ province, about 550 km (340 miles) east of Ankara, and four in neighboring Malatya.
In the wake of a 6.8-magnitude earthquake on Jan. 24 that claimed at least 40 lives, the government is set to kick off an urban transformation project in the eastern province of Elazığ after what it saw as a wake-up call following the collapse of several earthquake-prone buildings, vowing to replace them with disaster-resilient buildings.