Ecuador quake losses hit $575mn: Fedeseg
Insured losses from last year's Ecuadorian earthquake are
likely to hit $575mn, according to estimates from the country's
insurance association.
Sister publication Inside FAC reported
that the Federación Ecuatoriana de Empresas de Seguridad
(Fedeseg) said 35,764 claims have been paid for $422.1mn, with
about 4,099 requests pending, equivalent to $153.3mn.
Around 90 percent of the claims have been covered, corresponding
to 73 percent of total payments. Fedeseg suggested that the total
cost
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