NU Online News Service, March 5, 12:20 p.m. EST
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.
The California-based modeling firm Eqecat estimated the total economic damages from the earthquake in Taiwan, including losses from secondary fires and landslides at less than $1 billion. The company said it expects insured losses to be a small fraction of this.
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