Travelers shares lose early gains after CEO reassures on BI wordings

Alan Schnitzer – Travelers

Travelers shares lost early gains of around 4 percent to close flat yesterday (21 April) after CEO Alan Schnitzer reassured investors about wordings on business interruption (BI) policies and said that undermining contract certainty would set a “dangerous precedent” as he also warned of a wave of Covid-19 frivolous lawsuits.

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