NU Online News Service, Feb. 23, 12:28 p.m. EST
Some estimates of insured losses due to the second earthquake in Christchurch, New Zealand, in six months put the disaster potentially within the top ten most costly world insurance losses since 1970.
A note to clients from a JP Morgan Chase & Co. analyst estimated insured losses from the Feb. 21 (Feb. 22 local time) earthquake may be as much as $12 billion.
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