Mikel Uriarte, president of the local association of insurers, also conceded that the figure could continue to rise as insurers obtain better information from around the country. [read post]

 Life insurance premiums decreased by 16.5% (US$ 1.87 billion), with life annuity sales contracting by 37.9% (US$ 631 million).The downturn was not limited to the life sector, however, as the national and global economic downturn resulted in a 3.7% decrease in P&C premiums (US$ 1.02 billion), pulled down in part by a 32.4% decrease in engineering premiums.In a sign of the times, theft premiums rose 19.2%.Mikel Uriarte, the Chairman of Chile’s insurance company… [read post]

  Nonetheless, ASACH president Mikel Uriarte reportedly stated that "We will respond well, as we responded last time in the earthquake of 1985 . . . the companies are solvent and, in general, this insurance is reinsured internationally because we believe in the spreading of risk. [read post]

Causal statements are made all the time without much thought of their epistemic warrant. [read post]