Dow, Insurance ETFs Fall After Travelers Cuts Buybacks
June 10, 2011 at 09:45 AM EDT
Insurance exchange traded funds lost ground Friday after Travelers (NYSE: TRV) said it has limited its share buyback program due to catastrophe losses in April and May. The Dow component said the losses resulted from multiple tornadoes and hail storms that hit the U.S., primarily in the Midwest and...