The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to quickly build up economies of scale for its …
Companies have for some time been diversifying, and sometimes curbing, their appetite for multimillion-dollar sports sponsorships, so an enterprising insurance company president saw that trend as an opportunity to get his company’s name out there in a big way. Encompass …
The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines business in particular. The …
Travelers has enhanced its public entity management liability (PEML) policy that provides limited special expenses coverage reimbursement related to the replacement of key employees in the event of a death or medically confirmed situation that results in their resignation or …
Iowa City, Iowa, officials say their insurance claim over a costly landfill fire last year remains in dispute, and it may force legal action. The Travelers Companies claims the landfill cell that burned for 15 days last May was not …
PCG Agencies Inc., a personal property/casualty insurance and risk management firm headquartered in St. Paul, Minn., has been named Travelers’ Midwest Personal Insurance Agency of the Year. PCG Agencies was chosen for this award out of a field of more …
The Travelers Companies Inc. announced its preliminary estimate of net losses relating to Superstorm Sandy is approximately $650 million after tax and after estimated recoveries from reinsurance. This $650 million estimate reflects a gross loss estimate (pre-tax and before reinsurance) …
Financial performance of technology companies is tied to certain “red zone” risks, critical non-financial risks where a company must take action to become adequately prepared. These critical non-financial risks include business decline due to economic conditions, hiring and retaining employees, …
A federal appeals court said an insurance company doesn’t have to pay $1.75 million in damages as part of a settlement involving privately owned juvenile detention facilities in northeastern Pennsylvania. Travelers Property Casualty Co. claimed it was free from paying …
Six years ago, Lorena Martinez arrived in Hartford, Conn., seeking opportunity. A native of Peru, able to speak little English, Martinez found employment with a local hotel. While there, Martinez quickly realized the barriers she faced in getting ahead without …
