A spokesperson for a risk modeling firm said that losses are not expected to be high from yesterday's earthquake, which hit the western portion of Greece.

Newark, Calif.-based Risk Management Solutions reported that the quake was a strong magnitude 6.1 (moment magnitude) that hit at 3:26 p.m. local time. Spokeswoman Jackie Barber said the firm at this point does not expect to report on insured losses as they are believed to be light.

Preliminary reports from the U.S. Geological Survey put the epicenter around 20 miles southwest of Patras and 125 miles west of Athens, with a depth of 6.2 miles.

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