Insurers put the cost of recent earthquake at US$40mn

Voluntary cover for households against natural catastrophes remains limited, with only 8% of housing stock insured

Insurers put the cost of recent earthquake at US$40mn

The Chilean insurance industry now has a much clearer idea of the cost of the claims after the country suffered two natural catastrophes in recent months, according to Mikel Uriarte, president of the Chilean Insurers’ Association.