Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Travelers Adds Workers’ Compensation to Aviation Unit
Mar 5 2008 // Travelers’ Aviation unit has introduced a new workers’ compensation insurance program for corporate flight departments. Travelers’ new aviation workers’ compensation program will provide coverage...
Travelers $500M Asbestos Settlement Overturned
Feb 20 2008 // A federal appeals court has overturned a $500 million settlement reached two years ago by The Travelers. Cos. Inc., a move that could open the company to potential new lawsuits. Travelers said it is evaluating the ruling...
Travelers Deploys Response Units to States Affected by Tornadoes
Feb 7 2008 // Travelers mobilized its catastrophe response unit Wednesday including sending four mobile claim headquarters to tornado-affected areas in Arkansas, Mississippi and Tennessee. The mobile units will be strategically...
Travelers Reports Combined Ratio for 2007 at 87.4%; 4Q Profit Dips
Jan 29 2008 // Profits at Travelers Companies fell 11 percent in the last quarter of 2007 as sales slowed. The company reported solid underwriting results with a consolidated combined ratio of 87.4 percent. Fourth-quarter net income...
W. Va.: St. Paul Travelers Settles Wrongful Firing Lawsuit
Jan 17 2008 // In Charleston, W. Va., Kanawha County’s insurer has settled a wrongful-termination lawsuit filed by three former investigators who were fired by former Prosecutor Bill Charnock. St. Paul Travelers agreed Monday to...
Travelers Settles With States Over brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Travelers Settles With States Over Brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys...
Mass. Horse Farm Charged with Workers’ Comp Premium Fraud
Jan 10 2008 // Update: On Nov. 3, 2008, Christopher Mersereau and his corporation, Stoneymeade Farm LLC, located in Concord, Mass., entered into an agreement with the office of Attorney General Martha Coakley resolving charges originally...
Travelers Settles with States over Brokers’ Contingent Commissions
Jan 3 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in 9 states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Florida Rejects Travelers’ Homeowners Insurance Rate Increase
Dec 27 2007 // A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner. Kevin McCarty notified Travelers that its...
Travelers Introduces Hotel Industry Product
Dec 4 2007 // Travelers has introduced a new product for the hotel industry. The company said it recognized that the hotel industry has unique insurance needs, especially as many hotels and resorts continue to expand their service...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers...
Travelers Expands Directors & Officers Coverage
Nov 6 2007 // Travelers introduced its Advantage 500M for Public Companies, an enhanced directors and officers (D&O) liability policy that is specifically designed to offer more comprehensive coverage for growing public companies...
News Currents
Nov 4 2007 // N.Y. department prevails in liquidation bureau audit New York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3...
Premier Insurance in Mass. Changing Brand to Travelers
Oct 19 2007 // As Massachusetts gears up for a switch to a more competitive personal auto insurance market, one of its domestic auto insurers, Premier Insurance Co., will adopt the well-known brand of its parent, Travelers...
Ratings Recap: Northbridge, Fondiaria, MGIC, Trust International, First Capital, St.Paul/Travelers (UK)
Oct 19 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co.,...
Ratings Round Up: Travelers, Atlantic American
Oct 3 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” for Northland Insurance Co. (St. Paul, Minn.),...
Travelers Product Serves Mid-Sized Restaurants
Sep 19 2007 // Travelers announced the availability of the IndustryEdge product for mid-sized fine dining and upscale casual dining restaurants. The suite of coverages provided in the IndustryEdge product include property, general...
FORE! Golf club risk moves off course
Aug 20 2007 // In June 2007, a California woman was awarded $4.3 million for injuries she received in a golf car crash that left her too disabled to continue her successful photography and jewelry design careers. A wheel of the car she...
Travelers Settles ACandS Asbestos Claims for $365 Million Net
Jul 6 2007 // The Travelers Companies, Inc. said it has settled all current and future asbestos-related coverage claims relating to ACandS, Inc. Under the settlement agreement, Travelers will contribute $449 million to a trust to be...
