Travelers hit by Texas hail as price rises slow

Travelers reported a further deceleration in US P&C commercial
rating momentum today (21 April), with its key rating indices now
close to flat.
The US insurer's operating income also fell 15.6 percent
year-on-year in the first quarter to $698mn, after being hit by
increased catastrophe losses from the March hailstorms in
Texas.
Travelers, which is seen as a bellwether for the wider US
commercial insurance market, reported renewal rate increases of 2.2
percent, excluding national accounts, fo