Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit. - MarketWatch
1. Travelers expects a $1.7 billion loss from California wildfires. 2. Analysts lowered TRV profit estimates to $3.38 from $5.95 per share. 3. Catastrophe loss translates to $1.3 billion after tax, affecting all units. 4. CoreLogic estimates total losses from fires could reach $45 billion. 5. Wildfire impacts are likely to affect the insurance industry long-term.