BEIJING: The total costs of the damages wrought by the giant explosions at Tianjin port last month could be as high as $3.3bn, far higher than original estimates, according to reinsurance specialist Guy Carpenter & Company, part of Marsh & McLennan.
The firm said in a report out today it had used high definition satellite images to evaluate how buildings, cargo, containers and property around the port were affected by the blasts. The death toll from the blasts at a warehouse on August 12 stands at 160.
