Another series of earthquakes struck Chile. A 6.9 magnitude quake shook the central part of the country, including Santiago, the U.S. Geological Survey reported.

Liberty Mutual Chief Executive Officer Edmund F. Kelly, said he takes a "bearish" view of the future of the economy with his biggest concern being inflation, which he sees as almost inevitable in a few years.

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.

A magnitude 5.9 earthquake in Turkey's eastern province of Elazig has killed 51 people, but the insured losses should be light, a catastrophe modeling firm reported.

Insured losses from the Chile earthquake will range from $3 billion to $8 billion, according to an early estimate from catastrophe risk modeling firm Eqecat.

A magnitude 6.4 earthquake struck south central Taiwan Thursday morning at 8:20 a.m. local time, according to catastrophe risk modeling firm AIR Worldwide. Losses are not expected to exceed $1 billion.

Rising global temperatures may increase the severity of storms to hit Europe, warns Peter Hoeppe, who heads Munich Re's Geo Risks Research Department.

Catastrophe risk modeling firm AIR Worldwide estimates that insured losses in France, Belgium, Germany and Netherlands from winter storm Xynthia will be between EUR1.5 billion ($2 billion) and EUR3 billion ($4 billion).