Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations
Apr 9 2020 // More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive...
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis
Apr 5 2020 // The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more...
New Laws Spur Insurers to Reserve for Potential Child Sex-Abuse Claims
Jan 24 2020 // Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an...
Travelers Reports Strong Q4, Full Year Results on Lower Catastrophe Losses
Jan 23 2020 // Strong quarterly and full year 2019 results for Travelers Cos. were helped by lower catastrophe losses and premium hikes. Net income rose to $873 million in the fourth quarter ended Dec. 31 from $621 million for the same...
Potential Wage-and-Hour Claims Could Rise Under New Overtime Rule
Jan 13 2020 // New federal rules on overtime pay, which began January 1, change for the first time since 2004 the threshold for who is entitled to overtime pay — and who is not. The new rule raises the income threshold that...
Insurance Journal’s Top 10 Cyber Risk Stories of 2019
Jan 7 2020 // Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said...
Employers Warned of Potential Wage-and-Hour Claims Under New Overtime Rule
Dec 29 2019 // Time is running out for employers to familiarize themselves with new federal rules on overtime pay. Starting January 1, the threshold for who is entitled to overtime pay — and who is not — changes. It’s the first...
Travelers Q3 Profit Falls on Asbestos, Commercial Liability and Auto Claims
Oct 22 2019 // The Travelers Companies reported net income of $396 million for the third quarter compared to $709 million in the prior year quarter. Core income in the current quarter was $378 million compared to $687 million in the...
Travelers Joins MIT Research Groups Focused on Autonomous Transportation
Oct 10 2019 // The Travelers Companies has joined the Advanced Vehicle Technology (AVT) Consortium at the Massachusetts Institute of Technology (MIT) and Partners for Automated Vehicle Education (PAVE), organizations working to advance...
Cyber Tops All Other Risk Concerns for Businesses of All Sizes
Oct 1 2019 // Cyber risks are the top concern among businesses of all sizes. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said they worry some or a great deal about cyber risks, ahead of medical...
Travelers Gives Agents Aerial Property Damage Viewer to Expedite Disaster Claims
Sep 24 2019 // Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The Travelers Catastrophe Map Viewer provides access to searchable,...
Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit
Sep 24 2019 // Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities...
Putting Municipal Ransomware Attacks— and Cyber Insurance —in Context
Sep 3 2019 // The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get...
Travelers Names Cohn to New Chief Sustainability Officer Post
Aug 16 2019 // The Travelers Cos. has created a new position of chief sustainability officer and named Yafit Cohn to fill the post. Cohn will lead Travelers’ environmental, social and governance (ESG) efforts across the...
3rd Circuit: Policy to Limit Extended Transportation Expenses May be Bad Faith
Aug 15 2019 // Kyle and Marie Stechert say they rushed to buy another car after their vehicle was “totaled” in an accident because their insurance carrier refused to keep paying for their rental vehicle. The new car was twice...
Travelers Profit Up 6.3% in Q2 on Lower Catastrophe Losses, Higher Investments
Jul 23 2019 // The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. The insurer reported lower catastrophe losses and higher net...
Travelers Beefing Up Wildfire Protection After 2018 California Blazes
Jun 14 2019 // Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers...
Travelers’ Close to Lead Valent Group’s Alabama P&C Brokerage, Service Dept.
Apr 22 2019 // Valent Group, the risk consulting and insurance division of EBSCO Industries (EBSCO), has hired Kurt Close to lead its Birmingham, Ala.-based property and casualty broking and service departments. Close comes to Valent...
Lower Catastrophe Losses Help Boost Q1 Profit for Travelers
Apr 21 2019 // Insurer Travelers Companies Inc.’s quarterly profit beat analysts’ estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income, sending its shares to a...
