NU Online News Service, June 14, 2:26 p.m. EDT
Catastrophe risk modeler EQECAT says the latest earthquake in Christchurch, New Zealand is expected to cause an additional $3 billion to $5 billion in insured losses.
Quakes with magnitudes of 5.2 and 6.0 shook the area of Christchurch during the afternoon of June 13. The region has been victimized by three strong earthquakes within the last year.
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