Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
Apr 19 2024 // With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net...
Travelers CEO on Q1 Results: ‘We’re Firing On All Cylinders’ With Net Income Up 16%
Apr 17 2024 // The Travelers Companies, Inc. today reported first quarter net income of $1.1 billion, compared to $975 million in the prior year quarter. Core income in the current quarter was up 14% to about $1.1 billion, compared to...
Travelers Survey: Distracted Drivers Making US Roads More Dangerous
Apr 12 2024 // Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it has been in past years. Travelers noted the pandemic triggered a new wave of dangerous habits. The 2024...
5th Circuit Finds Travelers Policy Excluded Waste Dumping by Mississippi Firm
Mar 19 2024 // Courts have found that policy exclusions often fail due to ambiguous wording. In the case of a Mississippi company that allegedly dumped corrosive wastewater into sewer systems, though, Travelers Casualty and Surety...
Miami Labor Supplier Charged With Underreporting Payroll to Travelers
Feb 29 2024 // Florida authorities charged a Miami contractor with vastly underreporting his payroll and skipping out on $253,000 in workers’ compensation insurance premiums to Travelers Property and Casualty Co. Gustavo Antonio...
Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss
Feb 5 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time in 2022, to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss
Jan 19 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last year to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Because ‘Location’ Is Ambiguous in Marine Cargo Policy, Travelers Must Pay Fire Loss
Jan 8 2024 // A New York-based apparel company is entitled to its claim for the full $600,000 limit on its marine cargo insurance policy because the policy was ambiguous as to whether a warehouse fire that destroyed its goods was at an...
Travelers Completes Acquisition of Corvus Insurance
Jan 3 2024 // The Travelers Cos. completed its previously announced acquisition of Corvus Insurance Holdings Inc., a cyber insurance managing general underwriter. The $435 million acquisition was first announced in November 2023, which...
Travelers Wins CGL v. E&O Battle in Insurance Agency Defamation Case
Dec 8 2023 // Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and...
Ending Polarization and Building Future Leaders: Travelers CEO
Nov 20 2023 // Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said in late October while also going out of his way to cast light on a serious obstacle to forward progress:...
Travelers Webinar Focuses on Connecting Gen Z, Independent Agents
Nov 14 2023 // Members of Generation Z who have worked with insurance agents believe they are knowledgeable and help them make better choices. Nevertheless, Gen Z is under-tapped in the independent agent channel and over-indexes on...
Travelers to Buy Cyber MGU Corvus for $435 Million
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This...
Ending Polarization and Building Future Leaders: Travelers CEO
Nov 1 2023 // Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said last week while also going out of his way to cast light on a serious obstacle to forward progress:...
Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development
Oct 18 2023 // Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe losses and unfavorable reserve development. As one of the first insurers to report quarterly...
Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity
Oct 18 2023 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity through its digital platform from Jan. 1, 2024. As a result of this...
Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers
Aug 31 2023 // The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The...
Travelers’ Q2 Profit Plummets on Historic-Level Catastrophe Losses
Jul 20 2023 // Travelers Companies Inc. on Thursday reported a 98% fall in quarterly profit, as severe wind and hailstorms in parts of the United States pushed up its catastrophe losses. Core income of the New York-based company, often...
Travelers Vows Changes to Golf Course After PGA Tournament’s Low Scores
Jul 3 2023 // Changes will be made to the TPC River Highlands after record low scoring during the recent PGA Tour’s Travelers Championship, tournament officials said. Andy Bessette, Travelers’ executive vice president and...
Travelers Must Pay $2M for Yacht Lost in Irma: Florida Law Bars ‘Technicality’ Denials
Jun 28 2023 // Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the...
