Travelers Insurance News

Oklahoma Regulators Warn Insurers on Earthquake Coverage Hikes

Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At …

South Dakota Lawyer Says Auto Insurer Misled Him about Policy

The former lawyer for a car crash victim accused an auto insurance company of hiding a $1 million policy that could have paid for his client’s medical bills during testimony in court. Attorney Jeff Cole testified in federal court in …

Travelers Insurance Sales, Underwriting Improve in Q3

Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said third-quarter profit advanced 1 percent as sales growth accelerated, and improved underwriting margins helped cushion lower investment income. Net income climbed to $928 million from $919 million …

Travelers Insurance Off Hook for $30M Trademark Claim: Court

Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court against New York’s Ashley Reed Trading Inc., …

Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach

Travelers Cos., the property insurer in the Dow Jones Industrial Average, ended a contract with ExlService Holdings Inc. after the vendor’s employees violated confidentiality policies. The staff shared a “procedural document” externally, according to a regulatory filing today from New …

Travelers Launches Online Cyber Risk Resources for Business Owners

Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers’ information. The launch of the new resources coincides with the start of National …

Quiet Atlantic Storm Season Humbles Forecasters

The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. It’s been two weeks since the season’s statistical …

The Top Risks Americans Face in Their Everyday Lives: Travelers Index

Sixty-three percent of Americans believe their world is becoming a riskier place, while only 15 percent feel it is less risky. Americans’ greatest concerns are financial security, loss of privacy and identity theft, personal safety and the increased frequency of …

Iowa City Negotiating With Insurer over Landfill Fire

Iowa City officials are negotiating with an insurer about a disputed claim arising from last year’s landfill fire. The Iowa City Press-Citizen says the city council has approved a confidentiality agreement with The Travelers Cos. That agreement will keep details …

Travelers Launches New Construction Pak- Builders’ Risk Product

Travelers has introduced Construction Pak – Builders’ Risk, an enhanced product to help construction projects of all sizes and types stay on schedule. From standard construction to complex undertakings such as highway projects, stadiums and high-rise buildings, the enhanced builders’ …