El terremoto en Chile crea incertidumbre bursátilThe earthquake in Chile stock market creates uncertainty
1.5 million houses damaged
Buildings that according to the Insurance Association of Chile only 6% have earthquake insurance, as to grant a mortgage in that country banks require only that the owner purchased an insurance policy against fire.
The association estimates the cost of compensation could reach U.S. $ 2,600 million, by reference to the damage that occurred in the 1985 earthquake.
But 25 years ago Chile had a population of just over 11 million people. Today there are over 15 million, according to the latest census conducted in 2002.