NU Online News Service, March 10, 11:39 a.m. EST
Swiss Re estimated that total insurance industry losses from the Feb. 27 Chile earthquake could reach $7 billion and said its own loss from the event could possibly hit $500 million.
Meanwhile, Munich Re offered a matching estimate for the industry quake loss and estimated its own quake loss at EUR400 million ($545 million). The two companies' combined winter storm Xynthia loss estimates totaled $236 million.
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