Insurer Travelers missed Wall Street estimates for second-quarter profit on Tuesday, as weather-related losses led to an 18% drop in underwriting gain. Strong wind and hailstorms during the quarter tore apart homeowners’ roofs, pummeled cars, and wreaked havoc, triggering a spate of claims that proved to be challenging for U.S. insurers, including Travelers. Claims rose… Continue reading Travelers Profit Misses As Higher Claims Weigh on Underwriting Gain
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