Travelers BI $151mn ex-asbestos Q3 reserve releases fueled by WC: CFO Frey
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Travelers BI $151mn ex-asbestos Q3 reserve releases fueled by WC: CFO Frey

Umbrella and commercial auto led Q3 rate hikes with double-digit increases.

By Jairo Ibarra
October 17, 2024
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Travelers CFO Dan Frey said the insurer’s business insurance (BI) unit recorded $151mn in favorable reserve development, excluding its asbestos annual review, fueled by workers’ compensation releases.

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