Travelers sees industry Q2 disaster losses over $10 bln

July 19 Thu Jul 19, 2012 9:17am EDT

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.