Storm Damage for You. Record Profits for Them.
Subtitle: When Wind and Hail Wipe You Out—But Pad Their Bonus Pools
Every storm season, Americans brace for the worst. Roofs ripped off. Cars totaled. Homes flooded. But behind the scenes? Insurance giants like Travelers are quietly smiling all the way to the bank.
📈 Travelers just posted a second-quarter net income of $1.5 billion. That’s right, billion, with a “B.” That’s nearly a $1 billion increase from the same time last year, fueled by fewer catastrophe payouts and, wait for it, favorable reserve adjustments.
Translation? They didn’t pay out as much in claims as expected and decided they could release some of the money they had set aside to help you. Instead of helping, they helped themselves.
The numbers are staggering:
Catastrophe losses dropped from $1.5B to $927M. (That’s still nearly a billion in damage to families and businesses.)
Homeowners insurance written premiums rose 7%—meaning you paid more.
Personal lines swung from a $373 million loss to a $480 million profit.
And if you had to fight tooth and nail to get your roof covered or your car replaced after hail ripped through your neighborhood? You’re not alone.
💰 The Playbook Is Simple:
Raise rates. (7% bump in homeowners premiums? Check.)
Delay or deny claims. (Or make you jump through hoops while you wait.)
Book a profit. (That’s your premiums padding their reserves.)
Release reserves as “favorable development.” (So they can celebrate doing less.)
While you’re watching mold crawl up your walls and waiting on a response from the adjuster, Travelers is reporting an underwriting profit of $1 billion. That's not revenue. That’s after claims and expenses.
⚠️ Why This Matters:
This isn’t about one company. It’s about an industry model built on collecting more and paying less. Year after year, insurers cry catastrophe, but when the losses dip even slightly, profits surge and shareholders cheer.
Meanwhile, regular folks like you? You're told “your policy doesn’t cover that,” or “we’re still investigating.”
🧼 Rinse, Repeat, Deny.
At Inssux, we’re exposing the playbook. Because it’s not just about one quarter, it’s about a system designed to profit from your pain.
Join us. Speak out. Demand better.
👉 www.inssux.com
Because if your claim got denied… good. You just found your people.
#Inssux #TravelersInsurance #ClaimDenied #StormSeason #MakeThemPay