The Treasury and the World Bank are preparing to take out insurance against high-intensity earthquakes

The Treasury and the World Bank are preparing to take out insurance against high-intensity earthquakes

In conjunction with the World Bank, the Ministry of Finance is preparing to take out insurance against high-intensity earthquakes in Chile. The idea is that, by paying an annual fee, compensation can be accessed if an event of this type occurs in the country. According to Minister Mario Marcel, this measure would not be associated with other disasters such as forest fires.

Chile will take out unprecedented earthquake insurance with the World Bank

The Ministry of Finance indicates that the coverage would allow Chile to receive compensation for high-intensity seismic events that may “significantly affect the management of fiscal policy and the level of public debt in Chile.”