NU Online News Service, April 4, 3:40 p.m. EDT
The Mexican earthquake in early April with effects in California created a loss for insurers estimated at more than $300 million, according to reinsurance broker Aon Benfield.
The "Monthly Cat Recap" report released by Aon Benfield, a subsidiary of Chicago-based reinsurance broker Aon Corp., said that economists estimate that the 7.2 magnitude earthquake that struck Baja California, Mexico, on April 4 produced economic damage greater than $1 billion and insured losses of more than $300 million.
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