Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Travelers Settles With States Over brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Travelers Settles With States Over Brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys...
Mass. Horse Farm Charged with Workers’ Comp Premium Fraud
Jan 10 2008 // Update: On Nov. 3, 2008, Christopher Mersereau and his corporation, Stoneymeade Farm LLC, located in Concord, Mass., entered into an agreement with the office of Attorney General Martha Coakley resolving charges originally...
Travelers Settles with States over Brokers’ Contingent Commissions
Jan 3 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in 9 states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Florida Rejects Travelers’ Homeowners Insurance Rate Increase
Dec 27 2007 // A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner. Kevin McCarty notified Travelers that its...
Travelers Introduces Hotel Industry Product
Dec 4 2007 // Travelers has introduced a new product for the hotel industry. The company said it recognized that the hotel industry has unique insurance needs, especially as many hotels and resorts continue to expand their service...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers...
Travelers Expands Directors & Officers Coverage
Nov 6 2007 // Travelers introduced its Advantage 500M for Public Companies, an enhanced directors and officers (D&O) liability policy that is specifically designed to offer more comprehensive coverage for growing public companies...
News Currents
Nov 4 2007 // N.Y. department prevails in liquidation bureau audit New York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3...
Premier Insurance in Mass. Changing Brand to Travelers
Oct 19 2007 // As Massachusetts gears up for a switch to a more competitive personal auto insurance market, one of its domestic auto insurers, Premier Insurance Co., will adopt the well-known brand of its parent, Travelers...
Ratings Recap: Northbridge, Fondiaria, MGIC, Trust International, First Capital, St.Paul/Travelers (UK)
Oct 19 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co.,...
Ratings Round Up: Travelers, Atlantic American
Oct 3 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” for Northland Insurance Co. (St. Paul, Minn.),...
Travelers Product Serves Mid-Sized Restaurants
Sep 19 2007 // Travelers announced the availability of the IndustryEdge product for mid-sized fine dining and upscale casual dining restaurants. The suite of coverages provided in the IndustryEdge product include property, general...
FORE! Golf club risk moves off course
Aug 20 2007 // In June 2007, a California woman was awarded $4.3 million for injuries she received in a golf car crash that left her too disabled to continue her successful photography and jewelry design careers. A wheel of the car she...
Travelers Settles ACandS Asbestos Claims for $365 Million Net
Jul 6 2007 // The Travelers Companies, Inc. said it has settled all current and future asbestos-related coverage claims relating to ACandS, Inc. Under the settlement agreement, Travelers will contribute $449 million to a trust to be...
Ratings Recap: Nelson Re/Glacier Re; Kyoei/Swiss Re; Travelers/Lloyds; XL
Jun 26 2007 // Standard & Poor’s Ratings Services has assigned its ‘B’ senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established...
Tiger, Phil Missing But New Sponsor Travelers Boosts Tournament’s Outlook
Jun 22 2007 // Tiger Woods is at home with his new baby. Phil Mickelson is home babying an injured wrist, and Angel Cabrera is back home in Argentina celebrating his U.S. Open win. Despite the absence of those names, there was a feeling...
Ratings Recap: Travelers, Mapfre (NJ & FL), AXA Art, Progressive (debt)
Jun 19 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Travelers Insurance Companies and its P/C members. Best also affirmed...
Travelers Targets Public Entities with Workers’ Comp Solution
Jun 12 2007 // Travelers expanded its workers compensation coverage tailored to the needs of public entities during the Public Risk Insurance Management Association (PRIMA) 28th annual conference. “Our expanded appetite builds on...
Business Moves
Jun 4 2007 // Travelers Aviation Travelers has launched Travelers Aviation, a new unit targeting corporate and business aircraft, small to mid-size airports, aviation ground services and manufactured non-critical products used as...
