Travelers Profit Falls 20% on Hurricane Ida, Auto Claims

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Property-casualty insurer Travelers Cos. posted a 20% decline in net income in the third quarter, weighed down by storm damage and car-wreck related claims. Travelers is among the largest issuers of insurance to U.S. businesses, and it sells car and home insurance to individuals and families. Analysts’ estimates of Hurricane Ida’s late summer industrywide damage… Continue reading Travelers Profit Falls 20% on Hurricane Ida, Auto Claims