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Workers look at a floodgate under construction after tsunami warning was lifted, in Iwaki, Fukushima prefecture, northeastern Japan, Tuesday, Nov. 22, 2016. (AP Photo/Shizuo Kambayashi)

(Bloomberg Gadfly) – Tuesday’s magnitude-7.4 earthquake off the coast of Japan’s Fukushima prefecture could hardly have come at a worse time for the nation’s insurers.

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