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Earthquake Hits England

An earthquake that affected a large part of England earlier today will cause insured losses of between ?15 million ($29.8 million) and ?30 million ($59.5 million), according to initial estimates by R

By Phil Gusman | Updated on February 27, 2008

An earthquake that affected a large part of England earlier today will cause insured losses of between ?15 million ($29.8 million) and ?30 million ($59.5 million), according to initial estimates by Risk Management Solutions (RMS).

A British insurance association said the event would likely cost insurers somewhere in the low tens of millions of pounds.

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