Travelers: Prices continue to rise in third quarter
Sept 11 |
Sept 11 (Reuters) - Insurance rates continued to rise in the third quarter, extending the pricing power that developed late last year, insurer Travelers Cos Inc said on Tuesday.
In a slide presentation prepared for a Barclays financial services conference, Chief Executive Officer Jay Fishman also noted that low interest rates would knock as much as $145 million off earnings by 2015, assuming the current rate environment persists.
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