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Even before another series of earthquakes struck Chile last week, global reinsurers were tallying their losses from the Feb. 27 event and providing independent estimates of its impact for the entire insurance industry.

On Thursday morning, a total of a least three quakes, including a magnitude 6.9 quake, shook the central part of the country, including Santiago, the U.S. Geological Survey reported. The institute initially announced a magnitude 7.2 quake, but later lowered that intensity rating.

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