St. Paul Travelers Cos. plans to cut 3,000 jobs so it can deliver the savings that executives promised to investors when The St. Paul Cos. merged with the Travelers Property Casualty Corp. Extensive layoffs have been expected since The St. …
In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its unintended consequences, which …
In the opinion of one major industry player, the Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its unintended consequences, which …
In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its unintended consequences, which …
In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its unintended consequences, which …
The St. Paul Travelers Companies Inc. has executed an agreement resolving substantially all common law asbestos-related direct actions pending against its Travelers Property Casualty Corp. subsidiaries. “These actions allege, among other things, a general, non-statutory duty to disclose to the …
The St. Paul Travelers Companies, Inc. reported that net income for the first quarter ended March 31, 2004 increased 73 percent to $587.2 million, or $1.34 per share diluted ($1.35 per share basic) compared to the prior year quarter. The …
The high cost of the U.S. tort system makes products more expensive for all Americans and inhibits investment that can create jobs. It is not an insurance industry problem, but a national economic problem, industry leaders told insurance executives attending …
While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s under reserved; burgeoning liability claims (asbestos, D&O, E&O, med-mal, …
While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s under reserved; burgeoning liability claims (asbestos, D&O, E&O, med-mal, …
