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EQECAT: insurers hit by £1.65bn insured losses in New Zealand

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Catastrophe management software firm EQECAT has provided an updated loss estimation for the magnitude 7.1 earthquake that occurred near Christchurch, New Zealand.

The Darfield earthquake occurred in the Canterbury plains, an area of “relatively little historical seismicity compared to the more mountainous and seismically-active northern and western portions of

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