Travelers auto insurance News

Travelers Expands Telematics Auto Insurance Offering With App-Based Program

The Travelers Companies Inc. is expanding its telematics auto insurance offering, IntelliDrive, with the launch of an app-based program called IntelliDrivePlus. IntelliDrive launched in 2017 and is available in 40 states. It calculates a premium based on driving behaviors, excluding …

Travelers’ Q3 Results Hurt by Auto, Flood Claims

Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. The stock had the biggest intraday fall since June. Third-quarter net income dropped 23 percent …

Investors See Travelers’ Cuts in Auto as Sign Rate Hikes Have Peaked

Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company’s shares fell 4 percent by midday and shares …