Weather claims erode Travelers profits

 Monday, July 26, 2010

 Insurance Journal

Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago period. Catastrophe claims - chiefly wind and hail damage - more than doubled from $200 million in the year-ago period.
Catastrophe
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