Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Hartford, Travelers, Other Insurers Affected by PPG ‘s $2.7 Billion Asbestos Settlement
May 15 2002 // PPG Industries $2.7 billion settlement of outstanding asbestos claims will cost the company around $500 million after tax, with more than 30 insurance companies eventually picking up the tab for the remaining $2.2...
Travelers Property Casualty Chooses New Board Members
May 13 2002 // Frank J. Tasco, Leslie B. Disharoon and Kenneth J. Bialkin have joined the Travelers Property Casualty Board of Directors. The new directors have agreed to serve until Citigroup completes its previously announced tax-free...
XML Provides the Missing Link for SEMCI
May 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
XML Provides the Missing Link for SEMCI
May 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Travelers Announces $5B in IPO Earnings
Mar 28 2002 // Travelers’ Property Casualty Corp. announced the $5 billion earnings as a result of its record-breaking IPO and bond sales offered last week, the largest of any U.S. insurer, according to Reuters Securities. The...
Travelers Fares Well on First Day of IPO
Mar 25 2002 // Travelers Property Casualty Corp. made a solid debut on the trading floor of the New York Stock Exchange Friday, March 22, as shares were traded at $19.54, an increase of 5.6 percent from their initial offering price,...
Fitch Assigns ‘A’ to Travelers P&C Corp.’s Conv Debt Issue
Mar 15 2002 // Fitch has assigned an ‘A’ rating to Travelers Property Casualty Corp.’s (TAP) proposed issuance of $850 million convertible junior subordinated notes due 2032. The Rating Outlook is Stable. As part of its...
Citigroup Travelers IPO to Activate up to $4B
Mar 6 2002 // Travelers Property Casualty Corp., a subsidiary of Citigroup, Inc., is attempting to raise up to $4 billion in an initial public offering, possibly to become the largest U.S. insurance offering on record, according to...
Travelers Files Details for IPO
Feb 12 2002 // According to Reuters, Travelers Property Casualty Corp., the car, home and business insurance unit of Citigroup Inc. has filed details of its initial public offering, thought to be the largest ever in the U.S. insurance...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A” and “BBB,” respectively. At...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A-“and “BBB,” respectively. At...
Silverstein Files Suit against Travelers
Jan 3 2002 // World Trade Center leaseholder Larry Silverstein is pursuing the legal battle regarding property claims resulting from the Sept. 11 terrorist attack on the twin towers. World Trade Center Properties LLC, an affiliate of...
Travelers Property Casualty Corp. Ratings Lowered
Dec 20 2001 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. to “A-” and “BBB”, respectively, from “A+” and “A-.” At...
Lloyd’s Underwriters, London Market Win Case
Nov 2 2001 // Underwriters at Lloyd’s of London and London Market insurance companies won an important reinsurance case recently when the New York Court of Appeals ruled that Travelers Casualty & Surety Company could not...
Fishman Named Chairman, CEO at The St. Paul Companies
Oct 15 2001 // The St. Paul Companies announced that Jay Fishman, chairman and CEO of Travelers Insurance Group Inc. and COO/finance and risk of Travelers’ parent, Citigroup Inc., has been named to succeed Douglas Leatherdale as...
1,800+ Independent Agents Using Travelers’ Web-based Automation System
Aug 14 2001 // Travelers’ announced that in just a few months since its inception, more than 1,800 agents are using ATLAS3, Travelers’ Internet-based automation system. About 165 agents were piloting the system when ATLAS3...
Rackley Adds Travelers
Aug 6 2001 // Pulaski, Tenn.-based ratings technology company, Rackley Systems, added Travelers Insurance to their list of companies supported by commercial lines rating in the state of Texas. Operating within the newly introduced...
Travelers to Resume Writing New Commercial Auto and Umbrella Business in Ohio
Aug 2 2001 // Travelers Insurance announced it will re-enter the Ohio insurance marketplace for new commercial auto and umbrella business with the enactment of the “Uninsured/Underinsured Motorist Availability Act of...
Travelers Instrumental in Hartford Revitalization Project
Jun 22 2001 // Ceremonies attended by civic leaders and representatives of Travelers and Citigroup marked the completion of the first building in the revitalization plan for Hartford’s Mortson Street and Putnam Heights. The area,...
Medical Advisory Systems To Launch Travelers’ Angel Protection Plan
Jun 22 2001 // Medical Advisory Systems, which for 20 years has been one of the leaders in providing offshore medical services through telephone and Internet connections, announced that it would offer a new travel assistance program,...
