Weather claims erode Travelers profits

Monday, July 26th, 2010 Catastrophe

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.


External References & Further Reading
http://www.insurancejournal.com/news/national/2010/07/23/111852.htm
SOS Ladder AssistAspen Claims ServiceMid-America Catastrophe ServicesHancock Claims ConsultantsU.S. Forensic