Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Travelers Weathers Q2 Catastrophe Losses; Combined Ratio at 89%
Jul 23 2008 // The Travelers Companies, Inc. reported net income of $942 million for the quarter ended June 30, 2008, compared to $1.254 billion for the quarter ended June 30, 2007. Operating income in the current quarter was $918...
Travelers Introduces First Electric Boat Discount
Jul 22 2008 // Travelers recently launched a “first” in the insurance industry with its premium discount of up to 10 percent for those owning electrically powered boats. Whether boaters are interested in a quieter boating...
Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy
Jul 16 2008 // Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal...
Travelers Hires Woodward
Jun 16 2008 // The Travelers Cos. Inc. has named Joan Kois Woodward executive vice president for public policy, effective immediately. Woodward, who will be based in Washington, D. C., joins the company from Goldman Sachs & Co.,...
Travelers Promotes MacLean to President
Jun 12 2008 // The Travelers Companies Inc. reported that Chief Operating Officer Brian W. MacLean has been promoted from executive vice president to president. Jay S. Fishman, chairman and chief executive officer, made the...
Best Affirms Travelers ‘A+’ Ratings
Jun 4 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Travelers Insurance Companies and its P/C members. Best also affirmed...
Travelers Forecasts 2008 Operating Earnings at Lower Range
May 23 2008 // Travelers Companies Inc., one of the largest U.S. property insurers, said Thursday that a a “fine tuning” of its investment outlook gives it a bias towards the lower end of a previous forecast for operating...
Ratings Roundup: Panther Re, Travelers (Canada), Montpelier Re
May 12 2008 // Standard & Poor’s Ratings Services has withdrawn its ‘BBB+’ counterparty credit rating on Panther Re Bermuda Ltd.’s senior secured Term A loan and its ‘BB+’ rating on Panther...
Ratings Roundup: Travelers, Haulers
May 12 2008 // Standard & Poor’s Ratings Services has assigned it’s ‘A-‘ rating to Travelers Cos.Inc.’s $500 million senior notes maturing in 2018. The company intends to use the proceeds for general...
Travelers Personal Lines Consolidation Hits N.J., Mass., N.Y.
May 5 2008 // Travelers Insurance is consolidating some of its personal lines business center activities across the country, a plan that will mean fewer jobs in Massachusetts and New Jersey but more in upstate New York. Travelers...
Travelers Increases Aviation Insurance Coverage Capacity to $50 Million
Apr 29 2008 // Catering to the growing demand for expanded aviation insurance and coverage for larger general aviation aircraft, Travelers Aviation reported that it is increasing its capacity to insure aircraft for hull coverage values...
Travelers Earnings Drop 11% in 1Q
Apr 24 2008 // Travelers Cos. Inc., one of the largest property insurers in the United States, said Thursday that earnings fell 11 percent in the first quarter, as catastrophe losses in the quarter more than doubled and investment income...
Travelers Personal Lines Consolidation Affects N.J., Mass., N.Y.
Apr 15 2008 // Travelers Insurance is consolidating some of its personal lines business center activities across the country, a plan that will mean fewer jobs in Massachusetts and New Jersey but more in upstate New York. Travelers...
Ratings Recap: Travelers, Am. Capital, Fairmont, Univ. American, Fireman’s Fund (Mo.), ACE (Ill.) CIGNA, Conseco
Mar 19 2008 // Fitch Ratings has affirmed its ratings on The Travelers Companies, Inc (TRV). as follows: –Issuer Default Rating (IDR) ‘A+’; –Senior unsecured notes ‘A’ –subordinated notes...
How to Appraise and Insure Historic Homes
Mar 10 2008 // New technology, historical home insurance help to protect treasured properties Many urban and suburban areas are made more distinctive thanks to the historic homes nestled in their neighborhoods. Keeping history alive...
Travelers Adds Workers’ Compensation to Aviation Unit
Mar 5 2008 // Travelers’ Aviation unit has introduced a new workers’ compensation insurance program for corporate flight departments. Travelers’ new aviation workers’ compensation program will provide coverage...
Travelers $500M Asbestos Settlement Overturned
Feb 20 2008 // A federal appeals court has overturned a $500 million settlement reached two years ago by The Travelers. Cos. Inc., a move that could open the company to potential new lawsuits. Travelers said it is evaluating the ruling...
Travelers Deploys Response Units to States Affected by Tornadoes
Feb 7 2008 // Travelers mobilized its catastrophe response unit Wednesday including sending four mobile claim headquarters to tornado-affected areas in Arkansas, Mississippi and Tennessee. The mobile units will be strategically...
Travelers Reports Combined Ratio for 2007 at 87.4%; 4Q Profit Dips
Jan 29 2008 // Profits at Travelers Companies fell 11 percent in the last quarter of 2007 as sales slowed. The company reported solid underwriting results with a consolidated combined ratio of 87.4 percent. Fourth-quarter net income...
W. Va.: St. Paul Travelers Settles Wrongful Firing Lawsuit
Jan 17 2008 // In Charleston, W. Va., Kanawha County’s insurer has settled a wrongful-termination lawsuit filed by three former investigators who were fired by former Prosecutor Bill Charnock. St. Paul Travelers agreed Monday to...
