Edition:
India

Travelers says is slowing new California business due to wildfires - conf call


Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Travelers Companies Inc ::EXEC SAYS WILL SEEK COMMERCIAL AUTO INSURANCE RATE INCREASES - CONF CALL (INSERTS DROPPED WORD "AUTO").EXEC SAYS 2019 FIXED INCOME NET INTEREST INCOME TO RISE BY $20 MILLION TO $25 MILLION PER QUARTER COMPARED TO 2018 YEAR-AGO QUARTERS - CONF CALL.EXEC SAYS UNDERLYING COMBINED RATIO WILL BE LOWER IN 2019 THAN 2018 - CONF CALL.EXPECTS BUSINESS INSURANCE UNDERLYING COMBINED RATIO TO IMPROVE BETWEEN Q2 AND Q4 OF 2019 - CONF CALL.EXPECTS 2019 BOND & SPECIALTY NET WRITTEN PREMIUMS TO BE SLIGHTLY HIGHER THAN IN 2018 - CONF CALL.EXEC SAYS SEEKING RATE INCREASES FROM CALIFORNIA INSURANCE REGULATOR DUE TO WILDFIRE RISK - CONF CALL.EXEC SAYS NOT RENEWING SOME CALIFORNIA COVERAGE DUE TO WILDFIRE RISK - CONF CALL.EXEC SAYS COMPANY IS SLOWING NEW BUSINESS UNDERWRITING IN CALIFORNIA DUE TO WILDFIRE RISK - CONF CALL.