Travelers Insurance News

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’ …

Travelers Settles with Louisiana Policyholders over Katrina/Rita Damage

Travelers Insurance announced it has reached a settlement with policyholders in Louisiana over property damage caused by Hurricanes Katrina and Rita. The Hurricane Katrina-Travelers Settlement Administrator said the proposed settlement has been preliminarily approved in a class action lawsuit, Arthur …

Travelers Insurance Finds Customers Stay Despite Rising Prices

Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time high. Travelers, a Dow Jones …

Travelers’ CEO Fishman: Rate Increases Continuing

Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said on Tuesday. In a slide presentation prepared for a Barclays financial …

Travelers Sues NFL Over Ex-Players’ Brain Injury Lawsuits

Several subsidiaries of Travelers Companies Inc. sued the National Football League and a host of other insurers, seeking to avoid paying to defend the league against a wave of brain injury-related claims by thousands of former players and their families. …