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The UK faces economic losses of $2bn as heavy snow and sub-zero temperatures caused travel chaos in November.

Also in the UK, flooding in Cornwall last month is expected to cost insurers £10mn ($15.5mn) after more than 1,000 homes, businesses, schools and bridges were damaged.

The Arctic conditions left 40 dead across Europe, with the UK, Germany, Poland, France, Italy, Russia, Albania, Spain, Norway, Denmark, Portugal, the Czech Republic and the Balkans worst affected, according to Aon Benfield in its...

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