Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Court Orders Travelers to Pay $500M in Johns-Manville Asbestos Claims
Jul 22 2014 // A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer’s coverage of insulation maker Johns-Manville Corp., a...
Last Job Cuts at Travelers’ Syracuse, N.Y., Office Scheduled for Sept.
Jul 7 2014 // The last phase of previously announced job cuts at The Travelers Companies’ Syracuse, N.Y., office will begin in September. The company’s Worker Adjustment and Retraining Notification (WARN) Act notice, filed...
People – East
Jul 7 2014 // American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective Sept. 1. Hancock, who currently serves as executive vice president, AIG, and chief executive officer of AIG...
Last Job Cuts at Travelers’ Syracuse, N.Y., Office Scheduled for September
Jun 19 2014 // The last phase of previously announced job cuts at The Travelers Companies’ Syracuse, N.Y., office will begin in September. The company’s Worker Adjustment and Retraining Notification (WARN) Act notice —...
Fireman’s Fund Names Travelers’ Grote to Commercial Field Executive Post
Jun 17 2014 // Fireman’s Fund Insurance Co. has appointed Walter Grote to the position of commercial insurance field executive. In this national role, Grote will lead Fireman’s Fund Commercial Insurance operations, including...
Travelers Promotes Schnitzer, Spadorcia in Business Segment Moves
Jun 10 2014 // The Travelers Companies,Inc. has promoted Alan Schnitzer to vice chairman and chief executive officer of Business and International Insurance and promoted Doreen Spadorcia to vice chairman and chief executive officer of...
Travelers CEO: Will Insurers Outperform More Regulated Banks?
Jun 9 2014 // Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large financial companies amid a period of increased Wall Street...
Inland Marine Underwriters Elect Hoehn of Travelers as Chair
Jun 4 2014 // The Inland Marine Underwriters Association (IMUA) elected officers and board members at its annual meeting in Austin, Tex. Michelle Hoehn, The Travelers Group, was inaugurated as IMUA’s new chairperson replacing...
Insurer for Nebraska’s Douglas County Sued for Damages in Murder Case
May 27 2014 // Two men wrongfully accused in a 2006 double murder are going after Douglas County’s liability insurance carrier to recoup a multimillion-dollar judgment against the county’s former crime lab chief. Attorneys...
Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable
May 27 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the...
Trusted Choice Consumer Portal Funding Now Tops $50M
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors. The capital from the two...
Nielsen, Travelers Survey: Employers Unfamiliar with Risks Posed by ACA
Apr 29 2014 // Travelers has released a Nielsen Research survey that offers insight into U.S. employers’ familiarity with and preparedness for the implementation of the Patient Protection and Affordable Care Act (PPACA). The...
Travelers Reports 17% Profit Hike in 1Q
Apr 23 2014 // Travelers Companies Inc. reported a 17 percent rise in first-quarter profit, helped by higher underwriting gains and an increase in net investment income. Net income rose to $1.05 billion for the quarter ended March 31,...
Travelers CEO Fishman Eyes Potential Foreign Acquisitions
Apr 14 2014 // Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual...
Flashback: Key P/C Insurance Mergers and Acquisitions of 2013
Mar 24 2014 // Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
Travelers: Strain Is Most Common Workplace Injury in Texas
Mar 10 2014 // The four most common workplace injuries among Texas employers in 2013 were strains, sprains, fractures and contusions, according to a recent analysis of Travelers’ 2013 workers’ compensation claim...
Travelers, InVEST Team Up to Develop Young Professionals
Mar 7 2014 // The Travelers Cos., in partnership with InVEST, a nationwide school-to-career nonprofit program, is helping to improve insurance and financial literacy in students and attract young talent for the insurance...
Travelers Adds Broad Form Plus+ to D&O Liability Portfolio
Feb 25 2014 // Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect against concerns above and beyond corporate liabilities. While many companies typically provide...
Arbella Insurance Taps Travelers Exec as VP of Claims in Mass.
Feb 19 2014 // The Arbella Insurance Group in Quincy, Massachusetts, announced the appointment of Joseph L. Salerno II as vice president of claims. Reporting to Arbella COO Janet Corcoran, Salerno will lead the entire Arbella claims...
