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The count of earthquake damage, in lost lives and property, continues in Chile. Three tremors, the strongest registering 6.9 on the Richter scale, struck just before the new president, Sebastián Piñera, was sworn into office on March 11th. These followed the massive 8.8 earthquake that devastated the region south of Santiago, the capital, in late February.
Recent statements from global insurers have brought some clarity about the likely economic damage from the quake and its impact on the local insurance industry.
Read more at Financial Services Briefing: “Quake accounting” (March 11th)