BUZZ - Property insurance company Travelers' stock price drops due to increased catastrophe losses caused by severe storms.

October 16 - ** Property and casualty insurer Travelers (TRV.N) shares fell 2.6% in pre-market trading to $374

** The company (link) reported third-quarter catastrophe losses of $538 million, higher than $402 million in the same period last year

** Multiple U.S. states were hit by strong winds and hailstorms, leading to increased catastrophe losses

** The company reported net investment income of $908 million for the third quarter, up 7% from the same period last year

** As of the previous trading session close, the stock was up 32.4% year-to-date

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