Tag Archives: legal perspective and main effects for insurers

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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