One of the world's biggest insurance companies has been raising premiums for three years because weather patterns across the country have become more severe, said Jay Fishman, The Travelers Cos. (TRV) chairman and CEO.
"We've embraced the notion that weather is different. I don't know why. I'm not a scientist," he told CNBC's "Squawk Box" on Friday. "If you're not impressed with what the weather has been doing over the last few years, you're not keeping your eyes open."
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