20-10-2020
Source: Travelers
Profits at US property/casualty insurer Travelers plummeted in the third quarter of 2020 due to net unfavorable prior year reserve development and investment gains. The improvement, however, was partly offset by higher catastrophe losses from wildfires and windstorm.
Travelers Companies, Insurance, Third quarter 2020, Profits, Property, Casualty, Cat losses, North America
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