Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Travelers Adds Symantec Cybersecurity Services to Cyber Policies
Apr 10 2017 // The Travelers Companies, Inc. is now offering cybersecurity services from Symantec Corp. to eligible Travelers cyber policyholders. Symantec will provide a cyber resilience readiness assessment, cybersecurity awareness...
Travelers Notes Impact of Cut in UK Discount Rate for Lump Sum Payouts
Mar 20 2017 // The Travelers Companies Inc. has estimated impact of the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, from +2.5 percent to...
Texas High Court Finds for Insurer in D&O Coverage Dispute
Mar 20 2017 // The Texas Supreme Court recently ruled in favor of an insurer in a case that hinged on the applicability of an insured-v.-insured exclusion in the carrier’s directors and officers (D&O) liability policy. The...
Travelers to Buy UK-Based Simply Business for $490M
Mar 13 2017 // The Travelers Cos. Inc. announced it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for approximately $490 million, which includes the repayment of debt and other obligations at closing. Operating...
Sompo Canopius’ Mining Capacity Rises to $30M with Travelers Syndicate Support
Mar 7 2017 // Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30...
Texas High Court Finds for Insurer in D&O Coverage Dispute
Mar 1 2017 // The Texas Supreme Court recently ruled in favor of an insurer in a case that hinged on the applicability of an insured-v.-insured exclusion in the carrier’s directors and officers (D&O) liability policy. The...
Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan
Feb 28 2017 // The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s...
Security Breach at New York’s Kennedy Airport Unnerves Some Travelers
Feb 24 2017 // A breach that allowed 11 people to walk through an unattended security checkpoint lane at one of the nation’s busiest airports has some travelers scratching their heads about how this could happen even with the...
Private Equity Returns Boost Travelers Q4 Profit
Jan 24 2017 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit jumped 8.9 percent as investment income improved and the company recorded a gain tied to the settlement of...
Former Travelers, PMA Executive Klotz Joins Technology Advisory Firm Novarica
Nov 2 2016 // Novarica, a research and advisory firm focused on insurance technology strategy, announced that Jim Klotz has joined the firm as a vice president of research and consulting. Prior to joining Novarica, Klotz spent 15 years...
Travelers Says Property-Related Claims Spike on Halloween
Oct 31 2016 // On Halloween, homeowners have more to worry about than running out of candy for trick-or-treaters. The Travelers insurance company says there are 24 percent more property crime-related claims on Halloween than an average...
Travelers’ Q3 Results Hurt by Auto, Flood Claims
Oct 20 2016 // Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. The stock had the biggest...
Louisiana Police Jury Sues Travelers in Effort to Recover Stolen Money
Oct 3 2016 // The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish,...
Allied World’s U.S. Cyber Team Adds Glasgow from Travelers
Aug 24 2016 // Allied World U.S. has appointed Jason Glasgow as vice president and practice lead for Technology, Privacy & Network Security Professional Liability. In this role, Glasgow will be responsible for the strategy,...
Former Travelers CEO Fishman Dies
Aug 21 2016 // Jay Fishman – Photographer: Joshua Roberts/Bloomberg Jay Fishman, executive chairman and former CEO of The Travelers Companies, has died. The company he transformed into a major industry player and led for years...
Travelers Hit Hard with Catastrophe Losses in Q2
Jul 21 2016 // The Travelers Companies reported an 18 percent drop in net profit for the second quarter largely due to a 50 percent rise in losses from catastrophes. Catastrophe losses of $333 million, up from $221 million for the same...
Selling Medical Insurance to Brazil Travelers – An Expert Offers Advice
Jul 18 2016 // How should an agent or broker approach selling travel medical insurance to those heading to Brazil? The answer is simple: know what potential dangers they face, provide them with the information to reduce their risk, and...
Former Travelers’ CEO Fishman Bringing Fight Against ALS to Golf Course
Jul 18 2016 // Jay Fishman finds it more comfortable these days to use a wheelchair to get around, and has begun getting some help breathing from a portable ventilator. The former Travelers CEO says he’s in “the final...
Wedding Vendors Account for Most Costly Claims: Travelers
Jun 27 2016 // Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from...
Travelers to Offer Small Business Insurance in UK via Online Platform
Jun 22 2016 // The Travelers Cos. Inc. announced it will offer insurance directly to UK small businesses with fewer than 10 employees and less than £2.5 million ($3.7 million) in revenues. The online platform will initially be available...
