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The 7.9-magnitude earthquake that recently struck China has claimed an estimated 15,000 lives to date and has dramatically disrupted the lives of many more. Although the full extent of the damage inflicted by the quake, which made its formidable presence on May 12, is not yet clear, Risk Management Solutions (RMS) has assigned a preliminary price tag to the resultant property losses: between $10 billion and $15 billion.

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