'Our hearts go out'
Property-and-casualty insurer Travelers is expecting a significant financial impact from the devastating wildfires this month in
Several of the company's top executives gave an initial assessment of the
"The
Officials from Travelers, which has an office headquarters in
Other companies' estimates indicate that the latest
"We've assessed impacted areas through aerial imagery and made live contact with a substantial majority of our customers with claims, enabling us to expedite claim payments," said CEO and Chairman
Travelers writes two types of property policies in
"Our appetite for and exposure to
Travelers' response to the wildfires also includes a
"Our hearts go out to everyone affected -- those who have lost their homes, their businesses and, most tragically, their loved ones," Schnitzer said. "As a company rooted in the companies we serve, we will be there for our customers and neighbors to support them as they recover and rebuild."
"We look forward to working with policymakers in
The earnings call Wednesday was originally scheduled to discuss Travelers' financial results during the fourth quarter and entirety of 2024. The company recorded a profit of about
"Our strong results and financial position enable us to be there when our customers need us most, as our friends and neighbors in
Travelers is one of three
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