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Lyttelton Timeball Station is damaged following strong aftershocks in Lyttelton, Christchurch, New Zealand, Tuesday, June 14, 2011. (AP Photo/New Zealand Herald, Mark Mitchell)

NU Online News Service, June 14, 2:26 p.m. EDT

Catastrophe risk modeler EQECAT says the latest earthquake in Christchurch, New Zealand is expected to cause an additional $3 billion to $5 billion in insured losses.

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