Travelers News

Sompo Canopius’ Mining Capacity Rises to $30M with Travelers Syndicate Support

Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30 million as of March 1, 2017, …

Travelers Says Property-Related Claims Spike on Halloween

On Halloween, homeowners have more to worry about than running out of candy for trick-or-treaters. The Travelers insurance company says there are 24 percent more property crime-related claims on Halloween than an average day. To prevent theft or vandalism, the …

More Insurers Disclosing Climate Change Risks, Report Shows

Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …

Report: Some Illinois Insurance Companies Forcing Roof Replacements

When Dennis Roberts’ car insurance started getting a bit too expensive, he did what a lot of consumers do and shopped around. Then he picked a new company and switched both his home and auto coverage, never expecting what it …

Renters’ Insurance and Millennials: If You Make it Simple, They Will Come

There’s a new website aimed at changing the way millennials deal with buying insurance – but it’s focused on a widely under-served segment of the insurance market – renters’ insurance. Launched by two young insurance agents Tom Austin and Zachary …

Wedding Vendors Account for Most Costly Claims: Travelers

Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from 2011–2015. Wedding venues going bankrupt, photographers failing to …

Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M

Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore construction and engineering risk categories. The consortium was launched in …

On Wine Day, Consider Wineries and Vineyards a Fertile Field

If you’re one of those people who think there are enough holidays already, then you may not be happy to hear that National Wine Day is coming up – unless you really like wine, then perhaps an exception is in …

Travelers Enhances Contractors Professional, Pollution Liability Coverage

Travelers has enhanced its product offering for contractors by combining professional liability and pollution liability coverages. The product now offers additional protection against environmental damage caused by design errors. According to Adrienne Atwell, chief underwriting officer for Travelers Environmental & …

Travelers Appoints Casella as Senior VP, International Insurance

The Travelers Companies Inc. announced that Michael Casella has joined the company as senior vice president, International Insurance. Casella will be responsible for furthering efforts to leverage the expertise from the company’s lines of business – personal, business, bond and …