New Zealand losses estimated to top £1.3bn

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Insured losses from the New Zealand earthquake are estimated between NZD 2700m (£1268m) and NZD 6000m (£2814m).

According to catastrophe modelling firm AIR Worldwide, a more complete picture is emerging of the impacts of Saturday’s M7.0 earthquake that struck near Christchurch on New Zealand's South Island.

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