Catastrophe modelling firm AIR Worldwide estimated on Monday that insured losses from the magnitude 8.3 earthquake that struck Chile’s central coast near Illapel on Sept. 16 will be between US$600 million and US$900 million .Authorities have stated that at least 12 people have died as a result of the quake, which was felt as far away as São Paulo, Brazil, more than 3,000 kilometres away, AIR Worldwide said in a statement. Strong shaking was also felt in Chile’s capital city of Santiago, the nation’s most populous city, where tall buildings swayed for up to three minutes.
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