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Snowstorms cause $37 million in insured losses


Petr Jedlicka, chief analyst at the Czech insurance association, said that snowstorms and snowfall caused 856 million Czech koruna ($37 million) in insured losses in the first quarter, reported. Mr. Jedlicka said that local insurers' gross written premiums grew nearly 4% year over year to CZK 35 billion from CZK 33.5 billion in the first quarter of 2018.

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