Category Archives: (re) Insurance articles Chile

Insurance Articles Chile

Chile is adjusting: (re) insurers, claims and loss adjusters

It is well known that a legal side effect of the 2010 earthquake was the modification of the Insurance Act. It has been more than a year since the new regulation came into practice, but what has it happened since? … Continue reading

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Chile shakes again: A legal perspective on main effects for insurers

Two natural catastrophe events have shaken Chile recently. This is the take away, from our legal perspective:

On March 27th, thunderstorms brought the equivalent of 7 years of rain to Chile’s Atacama desert region and caused deadly flooding and mudslides. Antofagasta, where the annual average precipitation is 0.13 inches, saw 0.9 inches of rain in just 12 hours.
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Chile: new regulation for adjusters and brokers and amendments to insurance law

For the last three and a half years the Chilean government, through its regulatory agency (La Superintendencia de Valores y Seguros) has been proposing to amend and clarify Supreme Decree No. 863 of 1989, which regulated and controlled the activities, … Continue reading

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