Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Travelers CEO: Will Insurers Outperform More Regulated Banks?
Jun 9 2014 // Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large financial companies amid a period of increased Wall Street...
Inland Marine Underwriters Elect Hoehn of Travelers as Chair
Jun 4 2014 // The Inland Marine Underwriters Association (IMUA) elected officers and board members at its annual meeting in Austin, Tex. Michelle Hoehn, The Travelers Group, was inaugurated as IMUA’s new chairperson replacing...
Insurer for Nebraska’s Douglas County Sued for Damages in Murder Case
May 27 2014 // Two men wrongfully accused in a 2006 double murder are going after Douglas County’s liability insurance carrier to recoup a multimillion-dollar judgment against the county’s former crime lab chief. Attorneys...
Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable
May 27 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the...
Trusted Choice Consumer Portal Funding Now Tops $50M
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors. The capital from the two...
Nielsen, Travelers Survey: Employers Unfamiliar with Risks Posed by ACA
Apr 29 2014 // Travelers has released a Nielsen Research survey that offers insight into U.S. employers’ familiarity with and preparedness for the implementation of the Patient Protection and Affordable Care Act (PPACA). The...
Travelers Reports 17% Profit Hike in 1Q
Apr 23 2014 // Travelers Companies Inc. reported a 17 percent rise in first-quarter profit, helped by higher underwriting gains and an increase in net investment income. Net income rose to $1.05 billion for the quarter ended March 31,...
Travelers CEO Fishman Eyes Potential Foreign Acquisitions
Apr 14 2014 // Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual...
Flashback: Key P/C Insurance Mergers and Acquisitions of 2013
Mar 24 2014 // Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
Travelers: Strain Is Most Common Workplace Injury in Texas
Mar 10 2014 // The four most common workplace injuries among Texas employers in 2013 were strains, sprains, fractures and contusions, according to a recent analysis of Travelers’ 2013 workers’ compensation claim...
Travelers, InVEST Team Up to Develop Young Professionals
Mar 7 2014 // The Travelers Cos., in partnership with InVEST, a nationwide school-to-career nonprofit program, is helping to improve insurance and financial literacy in students and attract young talent for the insurance...
Travelers Adds Broad Form Plus+ to D&O Liability Portfolio
Feb 25 2014 // Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect against concerns above and beyond corporate liabilities. While many companies typically provide...
Arbella Insurance Taps Travelers Exec as VP of Claims in Mass.
Feb 19 2014 // The Arbella Insurance Group in Quincy, Massachusetts, announced the appointment of Joseph L. Salerno II as vice president of claims. Reporting to Arbella COO Janet Corcoran, Salerno will lead the entire Arbella claims...
Analysts Weigh In on Travelers Earnings, Commercial Lines Pricing Trends
Jan 27 2014 // The Travelers Cos.’ earnings, one of the first major insurance earnings to be reported each quarter, are often closely observed by industry participants as a bellwether for marketplace trends. And the company’s...
More Couples Saying ‘I Do’ to Insurance As Wedding Costs Rise
Jan 23 2014 // With the cost of the average American wedding reaching about $26,000, insurers have been selling a growing number of policies to protect against losses from extreme weather, illness and, in one firm’s case, even a...
Travelers More Than Triples Profit in Q4 on Lower Disaster Losses, Higher Prices
Jan 21 2014 // Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy. Net income rose to...
Travelers Sues British Insurance Company Over Umbrella-Shaped Logo
Dec 5 2013 // The Travelers Companies recently sued London, U.K.-headquartered financial services and insurance company Legal & General Group PLC (L&G Group) and its affiliates over the British company’s use of an...
Business Moves
Nov 18 2013 // R-T Specialty, Westrope Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Mo. Terms of the transaction were not...
Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach
Nov 5 2013 // Travelers Cos., the property insurer in the Dow Jones Industrial Average, ended a contract with ExlService Holdings Inc. after the vendor’s employees violated confidentiality policies. The staff shared a...
