NU Online News Service, April 7, 4:04 p.m. EDT
The quake that struck near L'Acquila, Italy killing more than 200 persons and demolishing thousands of buildings is unlikely to inflict a major insurance loss, according to figures from one expert.
Guillermo Franco, senior engineer at AIR Worldwide catastrophe modeling firm, said estimates for the percentage of homes insured in Italy put the figure at 5 percent, with commercial coverage about 35 percent.
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