RSA reveals UK weather costs will hit £50m

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According to the insurer, the wettest June on record has caused this net loss across its UK household, motor and commercial property portfolios.

The provider added that it is expecting a £10m bill from rainfall so far in July.

In addition, RSA said that the net loss to the group in relation to the two earthquakes in the Emilia-Romagna region of Italy in May was estimated to be around £35m.

In a statement the insurer commented: "RSA continues to deliver a strong underwriting performance across

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