Currently viewing Global edition

Codelco receives US$22M insurance over-charging payout

Chile’s state copper company Codelco received a US$22 million reimbursement from insurance firm Chilena Consolidada related to years of overcharging life insurance and personal accident policies contracted by unions at its Chuquicamata and Radomiro Tomic divisions.

Codelco receives US$22M insurance over-charging payout Codelco receives US$22M insurance over-charging payout Codelco receives US$22M insurance over-charging payout Codelco receives US$22M insurance over-charging payout Codelco receives US$22M insurance over-charging payout

Codelco receives over-charging payout

A 2019 investigation by Codelco concluded it had been overcharged for 14 years between 2005 and 2018.