insurance
Insurers well prepared to face aftermath of earthquake - Moody's
Chilean insurers are well prepared to face the aftermath of the of the 8.8-magnitude earthquake - the fifth-strongest ever recorded - that occurred in Chile on February 27, given both the relative strength of the country''s earthquake-resistant construction codes and significant insurance catastrophe-loss mitigation tools, said US-based ratings agency Moody's.
Earthquake may be second most expensive ever for insurers - study
The 8.8 magnitude earthquake that hit the central-south part of Chile on Saturday (Feb 27) may be the second most expensive for the global insurance industry in history, according to data gathered by the Insurance Information Institute (III) and Munich Re.
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Insured earthquake losses in the US$3-8bn range - Eqecat
US catastrophe modeling company Eqecat has put insured losses caused by the magnitude 8.8 earthquake that occurred off the coast of central and southern Chile on Saturday (Feb 27) in the US$3bn-8bn range, or 25% of total economic losses.
Earthquake could cost insurers at least US$2.5bn-2.6bn - association
Chilean insurance association AACH is estimating insurers will have to pay at least US$2.5bn-2.6bn to cover damage stemming from a massive 8.8-magnitude earthquake that hit central and southern Chile on Saturday, insurance association AACH chairman Mikel Uriarte told press on Monday.
