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According to a catastrophe modeling firm AIR Worldwide, the losses from a quake near the coast of Chili that killed more than 700 people could exceed 2 billion dollars.  The quake struck dozens of miles underground but near the capitol city of Santiago, disrupting commerce and now leading to looting in many of the cities near the capitol.

In the aftermath of the magnitude 8.8  Tsunami watch for the Seattle area but was later retracted by the National Weather Service.

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