Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Hurricanes Have Travelers Flocking to Insurance Hotline
Sep 15 2004 // As Hurricane Ivan approaches the southeastern U.S. from the Caribbean, anxious travelers have the phones ringing at Travel Guard International. “As the hurricane approaches, causing evacuations and cancelled flights,...
U.S. Court Approves $500 Million St. Paul Travelers Asbestos-Related Settlement
Sep 6 2004 // National • Aug. 18, 2004 “If you divide the huge sum of money by the number of claimants we arrive at a startling fact: each claimant will receive a whopping $741.67. What has been accomplished? A manufacturer has...
St. Paul Travelers: Charley Losses at About $140 Million
Sep 3 2004 // The St. Paul Travelers Cos. announced today that it estimates losses from Hurricane Charley to be about $140 million, after tax and reinsuranc. St. Paul Travelers’ commercial book of business saw about $79 million in...
St. Paul Travelers Mobilizes Catastrophe Team in Florida
Sep 2 2004 // St. Paul Travelers and its subsidiary First Floridian have mobilized their Catastrophe Response Team to assist policyholders who may be affected by Hurricane Frances. Because of the company’s response to Hurricane...
Spence Named General Counsel at St. Paul Travelers
Aug 26 2004 // St. Paul Travelers has announced that Kenneth F. Spence III, 49, has been named senior vice president and general counsel effective immediately. Spence will report directly to Jay Fishman, president and CEO. Most recently,...
St. Paul Travelers Hit With Class Action Suit Over $1.6 Billion Reserve Charge
Aug 26 2004 // A law firm representing former St. Paul Travelers Cos. shareholders announced it has filed suit against the company relating to the $1.6 billion reserve charge the company took last month to bring St. Paul’s...
St. Paul Intercompany Pool Outlook Neg
Aug 23 2004 // Moody’s Investors Service changed the outlook on the ratings for the legacy St. Paul intercompany pool to negative from positive. The outlook for St. Paul, TPCC, and TIGHI and the legacy Travelers intercompany pool...
U.S. Bankruptcy Court Approves $500 Million St Paul Travelers Asbestos-Related Settlement
Aug 18 2004 // The U.S. Bankruptcy Court for the Southern District of New York has issued an order granting approval of a $500 million settlement of almost all Johns Manville Corp. asbestos-related suits pending against the Travelers...
St. Paul Travelers Forms Entertainment Unit
Aug 11 2004 // St. Paul Travelers announced the formation of a dedicated national business unit that will work with retail agents and brokers to provide property and casualty insurance to the entertainment industry, including film,...
Gulf Ratings Mixed
Aug 9 2004 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on Gulf Insurance Co. and the other members of Gulf Insurance Group (Gulf) and removed them...
St. Paul Travelers Reports Q2 Loss Following SEC Guidance on Loss Reserves
Aug 2 2004 // The St. Paul Travelers Companies, Inc. (NYSE:STA) announced that the company reached a conclusion on the accounting treatment for the previously announced reserve adjustments and will record the adjustments as a charge to...
St. Paul Travelers Unveils Results from Study on Equipment Rental Industry Mishaps
Jul 29 2004 // Accidents involving rented items such as lifts, forklifts, trailers, tents and chairs posed the greatest risks for consumers and were associated with the highest numbers of fatalities, injuries and damages in the equipment...
St. Paul Travelers to Cut 3,000 Jobs
Jul 26 2004 // St. Paul Travelers Cos. plans to cut 3,000 jobs so it can deliver the savings that executives promised to investors when The St. Paul Cos. merged with the Travelers Property Casualty Corp. Extensive layoffs have been...
A.M. Best Downgrades Debt Ratings of St. Paul Travelers; Affirms Financial Strength Ratings
Jul 25 2004 // A.M. Best Co. has downgraded the debt ratings of St. Paul Travelers Companies Inc. (St. Paul Travelers) to “a-” from “a” on senior debt, “bbb+” from “a-” on subordinated...
Chubb, National Grange, N.Y. Central Mutual and Sterling Top Performers in PIANY Annual Survey
Jul 19 2004 // Chubb Group, National Grange, New York Central Mutual and Sterling Insurance Co. ranked among the top performers out of 38 evaluated in the second annual company performance survey by the Professional Insurance Agents of...
Best Upgrades Travelers C&S Europe to ‘A+’
Jun 30 2004 // In a joint ratings announcement A.M. Best Co. said it had downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Travelers/St.Paul subsidiary Gulf Insurance Group (See...
Best Downgrades Gulf Group Ratings
Jun 30 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating of Gulf Insurance Group (Gulf) to “A-” (Excellent) from “A” (Excellent). At the same time Best upgraded the financial...
St. Paul Travelers Announces Settlement of Common Law Asbestos-Related Direct Actions
May 25 2004 // The St. Paul Travelers Companies Inc. has executed an agreement resolving substantially all common law asbestos-related direct actions pending against its Travelers Property Casualty Corp. subsidiaries. “These...
SAN Group Named Travelers’ Agency of Year
May 24 2004 // Travelers Personal Lines has named The SAN Group, Inc. Agent of the Year for the New England Regional Office. Travelers presented the award to Matthew Masiello, chief operating officer of the SAN Group, Inc., based in...
Three Individuals Arrested in Separate Fraud Cases
May 17 2004 // The California Department of Insurance, Fraud Division (CDI) was involved in the arrest or surrender of three individuals in three separate cases. On May 6, Gaetano Chirco, 55, of San Jose, self-surrendered in Santa Clara...
