Travelers warns of loss trends inching closer to 6%
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Travelers warns of loss trends inching closer to 6%

Travelers logo Hartford CT with Schnitzer v2.jpg

Loss costs are “more difficult than ever to predict”, as the Ukraine-Russia conflict rages on top of domestic exposures, such as inflationary pressures, regulatory uncertainty and weather severity, Travelers CEO Alan Schnitzer said.

As such, Travelers management remained cautious about the loss cost environment during the company’s Q1 2022 earnings call and highlighted increased severity in its business insurance segment, driven by heightened inflation.

When

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