The Independent Insurance Claim Adjuster Resource

An unbelievably destructive and sobering force of nature caused by an 8.8 magnitude (Richter Scale) earthquake occurred this Saturday morning in South Central Chile near the city of Concepción in Region VIII.  This is the largest quake to strike since 1990 when a 9.1 magnitude quake off the Northern Coast of Sumatra rattled in 2004, killing 227,898 people.

Insurance claim damages are already estimated in excess of $2 billion dollars indicating another hard hit to the world’s largest property and casualty insurers.  It is believed this quake will top Haiti’s losses due to the higher cost of construction and real estate in Chile.  Losses have already been considered catastrophic for some property & casualty insurers this year.
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