“It's too early to talk about potential losses. But compared to yesterday's prediction of a 175-mile-per-hour storm making a beeline for New Orleans, we're breathing a sigh of relief.”
“For economic policymakers, the landscape has materially changed. It no longer would be prudent to regard a Sept. 20 [rate increase] as a foregone conclusion.”
“St. Paul Travelers has the resources available to respondimmediately to the hurricane's impact, even in the wake of HurricaneKatrina. We know many of our customers are stillrecovering from Katrina, and we will continue to service ourpolicyholders even as we react to a second storm. Our Catastrophe Teamis expressly designed to be on the ground and highly responsive whenour customers need us most.”