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Zurich Says U.K. July Floods To Exceed $260M

On Aug. 2, Zurich reported that the estimated losses for the extreme weather that occurred in the United Kingdom in June would not exceed $400 million before taxes. These charges were reported in the

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Zurich Financial Services Group said it anticipates its aggregate claim losses from floods in the United Kingdom in July to exceed $260 million.

The estimate is net of reinsurance, the Switzerland-based company said. Charges for the losses will be recorded in the nine-month results of this year, the company added.

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