Insurer paid more than 90% of all claims paid by 24 March
Zurich has announced it expects Chile earthquake costs of approximately $200m before tax, net of reinsurance recoverables and including reinsurance reinstatement premiums.
The Chilean Insurance Association, Asociación de Aseguradores de Chile, announced that the insurance industry had released $18.5m in claims payments by 24 March. Zurich claimed to have made more than 90% of the early claims payments.
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