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General insurers' premiums decline marginally, fire claims surge

Posted On: Mar. 27, 2019 5:55 AM CST

Costa Rican general insurers' gross written premiums declined nearly 2% year over year to 392.5 billion Costa Rican colons ($656 million) while claims on fire policies surged 77% to nearly CRC 28 billion, BNamericas reported. Data from the insurance regulator showed that claims on fire policies increased despite fire premiums decreasing 3% to CRC 84 billion. Total premiums grew 3% to CRC 772 billion.

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