Insured losses are expected to be less than $100 million from the 5.4 magnitude earthquake that struck the Greater Los Angeles area yesterday, a reinsurance brokerage reported.

The estimate came from the Guy Carpenter Instrat unit, which said the earthquake was located three miles south-southwest of Chino Hills, at a depth of approximately 8.5 miles.

AIR Worldwide, the Boston-based catastrophe modeling firm, said based on the latest available information on the seismic parameters of the event, it does not expect "significant insured losses."

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