Adverse development and cats send profits down at The Hartford

A fall in profits generated by The Hartford's P&C
operations contributed to core earnings dropping 24 percent to
$364mn at the US insurer in the third quarter.
However the company offered some positive news for investors as
it said standard commercial price increases at renewal averaged 2
percent.
P&C earnings dropped 29 percent to $251mn and included
higher homeowners and cat losses in its personal lines division
along with an increase in auto frequency trends.
Core earnings were also i