Editor's Note: This article originally appeared in National Underwriter, P&C.
An early catastrophe modeling firm estimate puts the economic damage from the Chile earthquake at up to $30 billion.
Oakland, Calif.-based Eqecat put the value of economic damage in the range of $15-to-$30 billion USD, or 8-to-16 trillion Chilean pesos. The company said this equates to 10-to-15 percent of Chile's real GDP.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
