Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Travelers Reports Solid Q4, Year-End Underwriting; ‘Well Positioned’ for 2009
Jan 27 2009 // The Travelers Companies, Inc. reported net income of $801 million for the quarter ended Dec. 31, 2008, compared to $1.063 billion, for the quarter ended Dec. 31, 2007. Operating income in the current quarter was $939...
Travelers Redesigns Design Professionals’ Insurance Product
Dec 18 2008 // Travelers is now offering IndustryEdge, an insurance product for architects and engineers with expanded liability insurance features. Travelers Commercial Accounts partnered across business units with architect and...
Supreme Court to Hear $500M Asbestos Case Against Travelers
Dec 16 2008 // The Supreme Court has agreed to consider reinstating a roughly $500 million settlement of asbestos-related lawsuits against the Travelers Companies Inc. The settlement would also block any new lawsuits against Travelers...
Ratings: Travelers (UK), Bison, Dubai Islamic, Milli Re, Hang Seng, LIG
Nov 19 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TIC). The outlook for both ratings...
Travelers Launches New Professional Liability Coverage Program
Nov 12 2008 // Travelers said it has introduced a new, modular professional liability product, 1st Choice+, geared toward accounting, design, legal and real estate professionals. The product offers errors and omissions coverage in one...
Travelers Fined $50K for Payments to Unlicensed New York Agency
Nov 5 2008 // New York regulators have fined five units of The Travelers Cos. Inc. a combined $50,000 for paying commissions to an unlicensed insurance agency in New York. The fines were paid as part of a legal stipulation signed last...
Travelers Introduces Hybrid Boat and Yacht Insurance Discount
Nov 3 2008 // Travelers Insurance recently announced that it is now offering a new product for hybrid boats and yachts. According to the Travelers release, the marine industry has responded to consumer demands for efficiency with new...
Travelers, Chubb Protest U.S. Aid for Insurers; Life Insurers Welcome Help
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout. “Most companies in the...
Travelers Takes Q3 Hit from Hurricanes
Oct 22 2008 // Travelers Cos. Inc.’s net income dropped to $214 million for the third quarter, down from $1.2 billion for the same period last year, as the company absorbed losses from Hurricanes Ike, Gustav and Dolly. The...
Travelers Soothes Investors; Cites Opportunities in AIG Debacle
Oct 22 2008 // Large property insurer Travelers Cos. Inc. said some potential business opportunities have arisen from the troubles at its rival American International Group Inc., and that the rates it can charge for insurance may also...
Is ID Theft Insurance Worth Recommending to Agency Clients?
Oct 9 2008 // A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and New York. All of these states reported that more...
Travelers Aviation Adds New Coverages, Risk Control Services
Oct 7 2008 // As the use of corporate and general aviation aircraft increases, Travelers (NYSE: TRV) Aviation is expanding its insurance products and services with new aviation coverage offerings including non-owned aircraft liability...
Competitors Offer to Fill the Gaps
Oct 6 2008 // There have been some subtle and not-so-subtle moves by competitors in reaction to AIG’s troubles. Navigators Pro increased its capacity for directors and officers (D&O) liability insurance, citing the...
ID Theft Insurance: Oasis or Mirage?
Oct 6 2008 // Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and...
Travelers Offers Enhancements for Boat Repairers Policy
Sep 25 2008 // Specialty boat repairers involved in woodworking, deck and hull repair, engine maintenance, canvas and sail repair and many other marine services face the challenge of obtaining affordable insurance that addresses both...
Travelers, Chubb Stop AIG Surety Business: Marsh
Sep 24 2008 // Insurers Travelers Cos Inc and Chubb Corp will no longer issue surety bonds with American International Group Inc as a co-participant, according to insurance brokerage Marsh Inc. Surety contracts guarantee the performance...
Travelers Unveils Sting Trailer to Combat Cargo Theft
Sep 9 2008 // Cargo theft accounts for up to $25 billion in direct merchandise losses each year, according to the National Cargo Security Council. With more than 675,000 registered interstate motor carriers moving 65 percent of the...
Combined Group Offers Agent Direct Express Service for Travelers Select Agents
Aug 21 2008 // The Combined Group now offers a fully automated service for Travelers Select commercial insurance lines. Combined’s Agent Direct Express™ and Quantum’s Real Time Express™ service offerings now...
Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy
Aug 4 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy
Aug 4 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
