Travelers details auto headwinds in Q4 results

Travelers opened the earnings season for property and casualty
insurers by reporting some record numbers leavened by a persistent
headwind from personal auto coverage, leading at least one analyst
to cut his 2017 earnings forecast.
Analysts peppered executives at the Hartford, Connecticut-based
P&C giant with questions about the problems in the auto lines
which bit into the insurer's third-quarter results as well.
"We're clearly disappointed by the underwriting
results" in the auto segment,