Travelers (TRV +2.9%) estimates net losses from Sandy to be about $650M. The total loss is...

|About: The Travelers Companies,... (TRV)|By:, SA News Editor

Travelers (TRV +2.9%) estimates net losses from Sandy to be about $650M. The total loss is $1.135B, but reinsurance recoveries and tax savings will narrow it. The net tab is far less than Allstate's (ALL) $1.08B estimate, even though the companies have about the same market share in the affected areas. Will Allstate revise its numbers lower?