Zurich Insurance books $280 million in first-quarter P&C COVID-19 claims
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ZURICH (Reuters) - Zurich Insurance Group on Thursday said property and casualty claims related to the coronavirus pandemic could total around $750 million this year, after booking $280 million such claims in the first quarter. "The impact of claims related to the COVID-19 outbreak and the sharp falls in financial markets in the latter part of the first quarter are expected to remain a 2020 earnings event," Chief Financial Officer George Quinn said in a statement."Group solvency remains strong..