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Travelers Cos. (TRV), one of the largest property-casualty insurers in the U.S., said its fourth-quarter profit fell 51% as the company racked up $669 million in claims costs from superstorm Sandy.But the company’s results exceeded Wall Street’s muted expectations in the wake of the storm. Shares rose 2.8% to $78.45 in pre-open trading.When all the claims are counted, Sandy may end up as the second-most expensive natural disaster for insurers in U.
From: foxbusiness.com – Read more

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