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Chile: Deadly Valparaiso fire to have limited impact on insurers, says Fitch


Rodrigo Salas, senior director for insurers at Fitch Ratings Chile, said the large fire that killed an estimated 15 people in Chile's Valparaiso city will have a limited impact on insurers, BNamericas reported.

Mr. Salas attributed this to the low level of fire insurance penetration in the affected regions.

Moreover, Chilean property/casualty insurers have adequate reinsurance coverage for their fire insurance business, he said.

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