Latest Travelers Headlines

Travelers Ordered to Pay $445M for Asbestos Settlements

Dec 17 2010 // A bankruptcy court judge has ordered Travelers to pay at least $445 million into claims funds set up by a 2004 asbestos settlement. The funds were set up to resolve a number claims brought in state courts over asbestos...

Travelers Expands IndustryEdge Offering for Equipment Dealers

Dec 6 2010 // Travelers has introduced IndustryEdge for Equipment Dealers that provides custom-designed coverage to help protect against the unique risks and exposures in the equipment distribution industry. Available through...

Travelers Enhances Identity Fraud Protection Coverage

Nov 3 2010 // Travelers has updated its Identity Fraud product to offer more protection against the most frequent problems identity fraud victims experience. The insurance product upgrades come at a time when the number of identity...

Analysts Watching How Insurers Handle Low Interest Rates, Pricing

Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...

Travelers Reports Increase in Net Income, Drop in Operating Income for Q3

Oct 21 2010 // The Travelers Companies Inc. has reported net income of $1.005 billion, or $2.11 per diluted share, for the quarter ended Sept. 30, 2010, compared to $935 million, or $1.65 per diluted share, for the same quarter in...

Travelers Implements New Trucking Form in Response to CSA 2010

Oct 20 2010 // In 2011, the Federal Motor Carrier Safety Administration (FMCSA) will fully implement its new program, Comprehensive Safety Analysis 2010 (CSA 2010). Travelers is helping its trucking industry customers prepare for the...

Ratings Roundup: Travelers (UK), Tenet, Allianz (France)

Oct 19 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TICL),...

Travelers Finds Water Damage Ten Times More Likely Than Fire

Sep 17 2010 // While fire may be a common worry among homeowners, claims data from Travelers suggests their homes could be as much as 10 times more likely to be damaged by water than by fire. Fortunately, much of this water-related...

Iowa Supreme Court Affirms Ruling in Firefighter Workers’ Comp Case

Sep 6 2010 // The Iowa Supreme Court in mid-August affirmed a district court ruling that found a volunteer firefighter must be summoned to duty only through official channels and not by circumstances. The ruling came in a workers’...

Travelers to Offer Defense Outside the Limits for Non-Profits

Sep 1 2010 // Travelers is now offering defense outside the limits for policyholders of the Wrap+ directors and officers (D&O) and employment practices liability (EPL) suite of coverages for non-profit organizations. D&O and EPL...

Travelers Wins $262M Asbestos Reinsurance Judgment

Aug 25 2010 // Travelers Insurance has won a $262 million judgment against a group of reinsurers that refused to pay a portion of a nearly $1 billion settlement in asbestos claims the insurer paid in 2002. The award by a New York Supreme...

Stolen Wallets, IDs Most Common Causes of ID Fraud

Aug 24 2010 // Victims of identity theft are most often targeted via burglary, stolen wallets and pilfered identifications, according to a new survey on identity fraud. In some 76 percent of all cases of identity fraud reported by...

Travelers Introduces Liability Package for Medical Technology

Aug 16 2010 // The evolution of software and electronics for medical devices and the transferring of electronic personal identity records is creating a new combination of risks in the medical technology industry. To address these risks,...

Travelers Introduces New Suite of Management Liability Products

Aug 10 2010 // Travelers has launched two new management liability product suites that offer agents and customers the ability to streamline and customize coverage through a modular policy with common language, terms and conditions. These...

Weather Claims Erode Travelers Profits

Jul 23 2010 // Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago...

Jul 19 2010 // Texas AG: Travelers Must Stop Airing Deceptive TV AdTravelers Insurance said it will comply with Texas Attorney General Greg Abbott’s order to stop airing a television advertisement that the AG says is deceptive....

Texas AG Tells Travelers to Stop Airing ‘Deceptive’ TV Ad

Jul 12 2010 // Travelers Insurance has indicated it will comply with Texas Attorney General Greg Abbott’s order to stop airing a television advertisement that the AG says is deceptive. According to the AG’s cease and desist...

Risk Management a Low Priority for Small Business World

Jun 21 2010 // Risk management ranks relatively low on the priorities list for small business owners, according to a recent survey by Travelers. And that outlook could mean trouble down the road when problems arise for those firms, the...

Travelers Adds SolarPak Coverage to Its EnergyPak Products

Jun 10 2010 // According to the National Renewable Energy Laboratory, a fourfold increase in demand for and production of solar photovoltaic (PV) is expected between 2008 and 2012. To help protect its clients who are installing solar...

Best Upgrades Travelers Group Issuer Credit Ratings; Revises Outlook

Jun 9 2010 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “aa” from “aa-” of Travelers Group, its P/C members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and...