The Travelers Companies News

Travelers, InVEST Team Up to Develop Young Professionals

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 industry. Founded in 1970, InVEST works with more than 500 high …

Analysts Weigh In on Travelers Earnings, Commercial Lines Pricing Trends

The Travelers Cos.’ earnings, one of the first major insurance earnings to be reported each quarter, are often closely observed by industry participants as a bellwether for marketplace trends. And the company’s latest quarterly results last week may reflect a …

Travelers Sues British Insurance Company Over Umbrella-Shaped Logo

The Travelers Companies recently sued London, U.K.-headquartered financial services and insurance company Legal & General Group PLC (L&G Group) and its affiliates over the British company’s use of an umbrella-shaped logo. The Travelers’ lawsuit alleges “willful dilution and infringement” of …

Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter

The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were partially offset by lower investment …

In Hartford, Conn., Landmark Travelers Tower Gets Face-Lift

A $30 million renovation project is restoring some of the luster to the Travelers tower, a Hartford landmark that once symbolized the city’s reign as America’s insurance capital.The 527-foot-tall tower was New England’s tallest building when it was completed in …

Hanover Insurance Taps Hartford Exec to Lead Professional Liability Unit

The Hanover Insurance Group Inc. has named Greg Leffard president of Hanover Professional Portfolio unit, responsible for the company’s errors and omissions (E&O) insurance businesses. Hanover Professional provides professional liability and E&O products for small and mid-sized firms, with specialized …

Iowa City Settles with Travelers Insurance over Landfill Fire

Iowa City, Iowa, has reached a $1.85 million insurance settlement over a costly landfill fire last year. The Iowa City Council said during a Sept. 3 meeting that it had come to an agreement with The Travelers Companies for roughly …

Travelers to Exit NFIP’s Write-Your-Own Program

The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance Program. Travelers is selling its WYO policy renewal rights interest to American Bankers Insurance Company of Florida (ABIC), part of …

Travelers, Virginia Tech Transportation Institute Discuss Top Trends in Trucking

The Travelers Companies Inc. and the Virginia Tech Transportation Institute (VTTI) recently co-hosted a symposium where research on some of the top concerns of the trucking industry was discussed with fleet managers and insurance brokers. At the symposium, Erin Mabry, …

Travelers’ Q2 Profit Climbs 85% to $925M; Auto Unit Layoffs Planned

The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and continued improvement in underlying underwriting …