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Travelers sees industry Q2 disaster losses over $10 bln
July 19 |
July 19 (Reuters) - The insurance industry appears to have lost more than $10 billion in the second quarter on natural disasters, substantially more than historical trends would suggest, executives of Travelers Cos Inc said on Thursday.
Travelers itself lost $357 million on natural disasters in the quarter, which Chief Executive Jay Fishman said would have been a more reasonable annual loss not that long ago.
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