NU Online News Service, Oct. 1, 3:17 p.m. EDT

Catastrophic property damage has occurred in Indonesia due to a killer earthquake off the coast of Southern Sumatra, Indonesia, but one catastrophe modeling firm said insured losses are expected to be light.

Analyzing the quake, which killed hundreds of persons, AIR Worldwide said it used the latest available information about the event in addition to its earthquake model for Indonesia, and is estimating that insured losses will not be significant.

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