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Ecuador: Disaster insurance revenues fall 7% to $61 million in first half of 2014


Revenues recorded by Ecuadorian insurers from policies covering catastrophes such as earthquakes, floods and explosions totaled $61 million during the first half of 2014, a fall of 7% year on year, reports

The earthquake that hit the Ecuadorian region of Quito in August has brought back focus on these types of insurance.

An expert said insurance take-up for buildings is not improving significantly, despite rules that mandate coverage.

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