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RSA expects £35mn Italian earthquake loss
20 July 2012
UK insurer RSA expects to make a net loss of around £35mn from May's earthquakes in the Emilia-Romagna region of Italy.
In a trading statement, RSA added that it expects to make a net loss from adverse UK weather conditions in June and July to date of roughly £50mn across its UK household, motor and commercial property portfolios.
The insurer said that, assuming a more normal level of weather losses in the second half of the year, it expects its...
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