Osterling Abogados, Insuralex´s exclusive member in Peru, advised the Peruvian association of insurance companies when making their case for the regulator to reconsider an opinion formerly issued against the validity of “claims made” clauses included in liability policies. In recent days, the Peruvian Superintendence of Banking, Insurance and Pension Funds Administrators (SBS as per its Spanish acronym) published a draft bill, …

Adjusting losses in Latin America is highly complex and covers multiple aspects. To assure the best possible outcome for clients, expert adjusters need a great deal of knowledge, global vision and local and international market insights. With over 25 years of experience in Latin America, RTS International Loss Adjusters highlights some of these facets in this article. A terminology issue …

Summer has just begun in the southern hemisphere, a season associated with rainfall and El Niño conditions. The phenomenon occurs because Kelvin waves warm the ocean and move the warm water from the western part of the Pacific (Australia) to the eastern part (South America). There is also a phenomenon called Coastal El Niño caused by warm water from the …