Ida and supply chain disruptions also driving auto losses: Travelers
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Ida and supply chain disruptions also driving auto losses: Travelers

Jairo Ibarra
October 19, 2021
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The return of cars to highways as lockdowns end hasn’t been the only factor weighing on auto losses in the insurance industry, as Hurricane Ida and supply chain disruptions took a toll on the segment’s results, according to Travelers.

The company’s auto underlying combined ratio jumped 15 points to 97% in the third quarter of the year, but during a call with analysts, the company put the number in perspective, noting that about three-quarters of that increase came...

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Jairo Ibarra
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