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Chile quake insured losses to exceed $2bn
01 March 2010
Insured losses from the earthquake that struck central Chile early Saturday February 27 will likely exceed $2bn, estimates AIR Worldwide.
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Insured losses from the earthquake that struck central Chile early Saturday February 27 will likely exceed $2bn, estimates AIR Worldwide. The risk modelling firm predicts total economic losses may exceed $15bn.
The magnitude 8.8 earthquake that struck offshore of Chile is one of top 10 most powerful quakes and occurred on a portion of the fault zone between two previously devastating earthquakes in 1960 and 1922, according to risk modeling firm Risk Management Solutions (RMS). “Given the previous events along the fault, there was an increased probability...
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