Potential $600mn-$750mn of losses in Chile threaten property risk market
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Potential $600mn-$750mn of losses in Chile threaten property risk market

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The international property market is set to face a potential $600mn-$750mn loss from three accounts in Chile, this publication understands.

According to sources, the losses stem from physical property damages and business interruption from earlier this year at Chile’s state-owned copper mining company, Corporacion Nacional del Cobre (Codelco), as well as cellulose manufacturers Arauco and CMPC.


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