Magnitude 7.6 Earthquake in Philippines; Triggers Tsunami Warnings

Earthquake in Philippines

BOSTON, Aug. 31, 2012 – According to catastrophe modeling firm AIR Worldwide, a major earthquake struck off the town of Guiuan (population 44,000) in Samar province at 12:47 UTC today. The USGS had initially issued a magnitude of 7.9 for the event but later downgraded the estimate to 7.6. Depth is issued at 34.9 kilometers. Because today’s event occurred off the coast of Philippines and take-up rates in the affected region are low, insured losses resulting from this event are expected to be minimal. According to AIR, Immediately after the…

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