NU Online News Service, March 3, 3:38 p.m. EST
Extended disruption of commerce and construction material shortages will inflate the multibillion-dollar cost of rebuilding Chile's quake-damaged areas, said Risk Management Solutions.
The warning by the Newark, Calif.-based catastrophe modeling firm follows an estimate Monday by Oakland, Calif.-based Eqecat modeling firm that Chile's economic damage will hit $30 billion. Insured loss estimates have ranged from $2 billion to $8 billion.
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