Travelers slides to underwriting loss for Q3 amid ‘challenging’ tort environment
Travelers saw an underwriting loss of $149m in Q3 this year, as its results were hit by a “challenging” tort environment, weather and “unfavourable” reserve development in business insurance.
The insurer had seen a $198m (£151m) underwriting profit in Q3 2018.
Its combined operating ratio for the quarter was 101.5%, compared to 96.6% in 2018.
However the business said its underlying COR
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