NU Online News Service, March 27, 2:18 p.m. EDT

The magnitude 7.1 earthquake that rocked Chile on Sunday is not expected to be a significant insurance loss, while Japan once again experienced a significant quake today that fortunately caused no damage.

Catastrophe modeler Eqecat issued a statement saying Sunday's earthquake in Chile is expected to produce less than $100 million in insured losses.

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