Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity
Oct 18 2023 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity through its digital platform from Jan. 1, 2024. As a result of this...
Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers
Aug 31 2023 // The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The...
Travelers’ Q2 Profit Plummets on Historic-Level Catastrophe Losses
Jul 20 2023 // Travelers Companies Inc. on Thursday reported a 98% fall in quarterly profit, as severe wind and hailstorms in parts of the United States pushed up its catastrophe losses. Core income of the New York-based company, often...
Travelers Vows Changes to Golf Course After PGA Tournament’s Low Scores
Jul 3 2023 // Changes will be made to the TPC River Highlands after record low scoring during the recent PGA Tour’s Travelers Championship, tournament officials said. Andy Bessette, Travelers’ executive vice president and...
Travelers Must Pay $2M for Yacht Lost in Irma: Florida Law Bars ‘Technicality’ Denials
Jun 28 2023 // Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the...
Travelers Championship With Elevated Status, $20M Purse Opens With McIlroy Hole-in-One
Jun 23 2023 // Nathan Grube, the tournament director of the Travelers Championship, used to worry about the years when the U.S. Open took place on the West Coast. Many of the world’s top golfers would make a decision to take a...
34% of Workplace Injuries Occur in First Year on the Job: Travelers
May 5 2023 // More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee’s time spent in a...
No Such Thing as a ‘Run on the Bank’ In Insurance Biz: Travelers CEO
Apr 21 2023 // With recent troubles in the banking sector having only minimal impact on his company’s specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to describing how...
Catastrophe Losses Cause Q1 Drop in Travelers’ Net Income
Apr 19 2023 // First quarter net income at Travelers Cos. fell 4% to $975 million as catastrophes cost the insurer a total of about $535 million during the first three months of the year. Catastrophe losses, coupled with a $48 million...
People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer
Apr 11 2023 // Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess & Surplus, a specialty division. Marsh will oversee Northfield’s current...
Q4 Net Income at Travelers Falls 39%
Jan 24 2023 // Travelers Cos. this morning reported fourth quarter net income of $819 million, a decrease of about 39% from $1.3 billion a year ago during the same time. The insurer’s Q4 combined ratio increased 6.5 points to 94.5...
Travelers Estimates Drop in Q4 Income on Winter Storm Losses
Jan 17 2023 // Travelers Companies today released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter, and expects to report net income of $819 million for the last three months of 2022. Travelers said...
CEOs of Travelers, CNA Elected APCIA Chair, Chair-Elect
Oct 20 2022 // Alan SchnitzerCEO, Travelers Alan Schnitzer, chairman and CEO of The Travelers Companies, has been elected chair of the board of directors of the American Property Casualty Insurance Association (APCIA). Dino E. Robusto,...
Travelers Q3 Net Income Falls 31%
Oct 19 2022 // Third quarter net income at Travelers Companies dropped 31%, compared with the same period a year ago, to $454 million. The P/C insurer said net income fell due to lower core income – $526 million compared with $655...
Cyber Threats Still No. 1 Business Concern: 2022 Travelers Risk Index
Oct 17 2022 // Cyber threats are the top concern for business decision-makers for the third time in four years, according to the 2022 Travelers Risk Index. Cyber threats were a top concern by 59% for respondents, followed by broad...
Cyber Threats Still No. 1 Business Concern: 2022 Travelers Risk Index
Sep 27 2022 // Cyber threats were the top concern for business decision-makers for the third time in four years, according to the 2022 Travelers Risk Index. Cyber threats were chosen as a top concern by 59% of respondents, followed by...
Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk
Sep 22 2022 // Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market...
Travelers, Policyholder Agree to Void Current Cyber Policy
Aug 30 2022 // Travelers and policyholder International Control Services (ICS) jointly filed a stipulation to have a federal court rescind an active cyber insurance policy that the insurer claimed was void due to the insured’s...
Travelers Wants Out of Contract With Insured That Allegedly Misrepresented MFA Use
Aug 1 2022 // In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured allegedly misrepresented its use of multifactor authentication...
Travelers’ Income Drops, but Still Beats Profit Estimates on Record Premium Growth
Jul 22 2022 // Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The...
