RSA reveals UK weather costs will hit £50m

man-in-the-rain

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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