Severe weather costs Zurich $295m
Zurich has estimated claims caused by the severe weather-related events that hit the US in April and May to be approximately $295m for both Zurich North America and Farmers Re.
This estimate - net of reinsurance and before tax - will be recorded in the half-year results, due to be released on 11 August.
The losses resulted from multiple tornadoes and hail storms, primarily
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