NEW YORK, April 23 (Reuters) – Travelers Companies ( TRV.N ), the biggest publicly traded U.S. property-casualty insurer, reported a decrease-than-expected first-quarter revenue because it paid out on claims related to an earthquake in Chile and severe U.S. winter storms.
U.S. officers, talking on situation of anonymity, mentioned they weren’t consulted on the motion and in some cases only learned the details as they had been made public. Please price this text using the size beneath. The scale is from 1 to 10, where 10 is the very best and 1 is the worst. When travelling to Mexico I drank lime juice (recent sqeezed, not the store purchased garbage) and in a day it was gone.
The 2nd Circuit rejected Travelers’ competition that it need not pay claimants in light of a June 2009 U.S. Supreme Court determination that limited claims in opposition to the insurer, and a separate decision by the 2nd Circuit the next March. It additionally said Travelers had waived potential objections to the cost. The company’s first-quarter catastrophe losses soared to $312 million after tax, in comparison with $fifty four million after tax a 12 months earlier. It didn’t give particulars of the cost of the earthquake in Chile, or the winter wind, hail and snow storms within the United States.
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