NU Online News Service, Aug. 31, 3:21 p.m. EDT

The chances of another earthquake in Chile like the one that occurred in February are slim, according to risk modeler AIR Worldwide.

The magnitude 8.8 earthquake in Concepcion on Feb. 27 caused between $5.5 billion and $8.6 billion in insured losses. But a new paper released by AIR states that the quake used up all the seismic energy–175 years worth–in the region so the risk of another earthquake in the near future on the same fault segment is very low.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.