Omega more than doubles New Zealand quake loss estimate
Omega Insurance's loss estimate for the New Zealand earthquake has risen to US$16.8m, net of reinstatement premiums and before profit commission effects, and US$18.9m after profit commission.
In most cases this represents exhaustion of the limits for the event, the group added.
On 17 November 2010 Omega Insurance released a loss estimate for the New Zealand earthquake of $6.2m, a total
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