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Last week's earthquake off the island of Hawaii is not expected to result in major insured losses.
The Oct. 15 earthquake caused power outages as far away as Honolulu, but did not cause major property damage. A spokesman for Jersey City, N.J.-based Insurance Services Office Inc. said that ISO's Property Claim Services unit did not think the quake caused $25 million in insured property damage, the minimum required for PCS to declare an event a catastrophe. PCS does not include public buildings and infrastructure in its estimates.