Travelers sees industry Q2 disaster losses over $10 billion

Thu Jul 19, 2012 9:18am EDT

(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 (TRV.N) 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.

(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)

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