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April 2013 Global Catastrophe Recap

The monthly report reviews the natural disaster perils that occurred worldwide during April 2013. The report reveals that a magnitude-6.6 earthquake struck China’s Sichuan Province, killing at least 196 people and injuring 13,484 others. An unofficial media estimate quoting local government officials estimated economic losses at CNY169 billion (USD27 billion). If verified, potential insured losses would be around CNY1.5 billion (USD250 million), given a local insurance penetration of approximately one percent.

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