Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Kentucky City Warns Homeowners Not to Rent to Travelers
Mar 5 2015 // Metro Louisville, Ky. officials have sent letters to some homeowners that rent space to travelers through online home-sharing sites telling them to stop the practice immediately or they risk being fined. The...
Boozing, Promiscuous Business Travelers Put Selves, Employers at Risk
Feb 20 2015 // America’s business travelers are too often mixing business with pleasure, exposing themselves and their employers to dangerous scenarios. According to a national survey by On Call International, a customized travel...
North Carolina Home Insurers Press Appeal of Rate Hike Denial, While Insurers Press ‘Consent to Rate’ Agreements
Feb 9 2015 // Insurance companies aren’t giving up on their quest to raise premiums on North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling...
Insurers Sending ‘Consent to Rate’ Letters to North Carolina Homeowners
Jan 27 2015 // North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under a law that allows companies to pay more than the state has approved. The StarNews of Wilmington reported...
Travelers CEO Fishman Reduces Outside Activities Due To Health
Jan 23 2015 // Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren’t tied to the company after being diagnosed with a neuromuscular condition. “I have already begun to cut back fairly...
Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises
Jan 22 2015 // The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter. Travelers said...
Travelers to Buy Majority Stake in Colombian Insurance Startup
Dec 11 2014 // Travelers Cos., the lone property- casualty insurer in the Dow Jones Industrial Average, agreed with a partner to buy a majority stake in a startup surety provider based in Colombia. The joint venture with Brazil’s...
Travelers Unit Sued Over Allegedly Manipulated Sandy Report
Dec 7 2014 // A Travelers Cos. unit was sued by two New York homeowners who accused it of using a doctored engineering report to reject much of their claim for flood damage from Hurricane Sandy, making it the third insurer to face such...
Travelers CEO Fishman Discloses Neuromuscular Condition
Nov 14 2014 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said Chief Executive Officer Jay Fishman has been diagnosed with a neuromuscular condition. “While fortunately it has so far...
Travelers’ Profit Up 6% for Q3 on Investment Income, Lower Cat Losses
Oct 21 2014 // The Travelers Companies Inc. today reported net income of $919 million for the quarter ended Sept. 30, 2014, up more than six percent compared to net income of $864 million in the prior year quarter. Operating income in...
Travelers Offers New Coverages Related to the Affordable Care Act
Sep 22 2014 // Citing recent survey results that show widespread unfamiliarity among U.S. businesses with requirements of the Patient Protection and Affordable Care Act (PPACA), Travelers has announced the addition of Healthcare Exchange...
Principal Acquires Travelers’ Stake in NYC Office Tower for $117.6M
Sep 3 2014 // An affiliate of Principal Financial Group Inc. bought a 49 percent stake in 77 Water St., a lower Manhattan office tower in New York City, from fellow insurer Travelers Cos. for $117.6 million. The interest in the 26-story...
Travelers Insurance Off Hook for $30M Trademark Claim: Court
Aug 28 2014 // Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court...
Travelers Posts $683M Q2 Profit, Misses Estimates as Catastrophe Losses Rise
Jul 22 2014 // Property and casualty insurer Travelers Cos. Inc.’s quarterly earnings fell short of analysts’ estimates as hail and wind storms in the United States increased catastrophe losses. The company, a Dow Jones...
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...
