Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

State insurer to make $130 million quake payout

Reprints

Ecuador's state insurer Seguros Sucre S.A. said that it will pay $130 million for damage caused by the recent 7.8-magnitude earthquake in the country, BNamericas reports.

Sucre's general manager Jose Luis Romo said that the payouts will go mainly to public sector entities in the quake-hit Esmeraldas and Manabi provinces.

Mr. Romo said that social security agency IESS and its banking arm Biess will receive $70 million worth of payouts.

The quake caused huge damage to public facilities such as hydroelectric stations and power transmission structures, added Mr. Romo.

Read more