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Chilean insurers raise insured loss estimates and relax claim notice requirements

  • Edwards Wildman Palmer LLP
  • -
  • Chile
  • -
  • March 5 2010

Having now dispatched personnel to review the damage, and beginning to receive reports from their largest insureds, Chile's insurers have raised their estimate of insured losses from US$ 2.6 billion to $US 4 billion

International insurers raise loss estimates

  • Edwards Wildman Palmer LLP
  • -
  • Chile
  • -
  • June 21 2010

Insurers and reinsurers are continuing to revise upwards their loss estimates for the Chile earthquake which struck on February 27, with industry totals now surpassing $6 billion

Foreign reinsurers announce earthquake loss estimates as industry sectors survey damage

  • Edwards Wildman Palmer LLP
  • -
  • Chile
  • -
  • March 11 2010

Foreign reinsurers are beginning to count the cost of the earthquake in Chile last month, with announced loss estimates already surpassing $1.5 billion

Latin America’s most expensive insured event ever? Compliance and coverage issues begin to emerge as reinsurers continue to estimate impact of Chile earthquake

  • Edwards Wildman Palmer LLP
  • -
  • Chile
  • -
  • March 15 2010

Even if the insured losses from the Chile earthquake fall in the mid-range of current estimates of between US$ 2 billion and US$ 8 billion, it will outpace Hurricane Wilma as the most expensive insured event in Latin America's history, according to a release by reinsurance broker Cooper Gay

Chile’s largest insurer estimates its insured property damage at US$45 million

  • Edwards Wildman Palmer LLP
  • -
  • Chile
  • -
  • March 2 2010

Chile's largest insurer, Seguros Chile, the local subsidiary of Britain's Royal Sun Alliance, has estimated that the total property damage from the recent earthquake covered under its policies will total US 45 million (33 million Euros, 30 million British Pounds

Insured losses from Chile earthquake could reach US$ 8 billion

  • Edwards Wildman Palmer LLP
  • -
  • Chile
  • -
  • March 1 2010

As the insurance industry mobilizes in response to the fifth largest earthquake on record, our thoughts remain with our friends, business associates and everyone else impacted by the devastation in Chile

Growth numbers and predictions for Chile, Ecuador, Uruguay and Venezuela

  • Edwards Wildman Palmer LLP
  • -
  • Chile, Ecuador, Uruguay, Venezuela
  • -
  • January 14 2010

The Chilean Insurance Association recently released predictions that the country’s insurance market will grow by 3.7 in 2010 and 6.7 in 2011