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Severe earthquake activity continues but losses expected to be low

After a torrid first quarter of claims, which is expected to cost the market in the region of $16bn, the start of this month has seen a brief respite for the industry despite significant continuing earthquake activity.

The most significant loss to the market in recent weeks looks like the powerful Baja earthquake on 4 April, which modelling firm Eqecat estimates will cost (re)insurers aro und $300nm.

The economic damage...

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