The Travelers Companies Inc. News

Travelers Pledges $1M to Support Racial Justice Efforts, Minnesota Communities

Property/casualty insurer The Travelers Companies Inc. said it is committing $1 million to assist nonprofits dedicated to advancing racial equality across the United States and rebuilding damaged businesses in Minnesota, where the company has had a significant presence for more …

Travelers Establishes Program to Help with Connecticut Crumbling Foundations

The Travelers Companies Inc. has established the Travelers Benefit Program, a $5 million fund to assist customers in repairing homes with crumbling foundations in northeast Connecticut. The matter stems from concrete contaminated by the mineral pyrrhotite, which can cause foundations …

Cyber Was Focus of California Symposium for Small and Mid-Sized Businesses

There are more than 4,000 cyber-attacks each year aimed at small- to mid-sized businesses, many of which are exposed because they haven’t given cyber security a high enough priority, according to Stephanie Christensen, who heads up cyber and intellectual property …

Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises

The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter. Travelers said its fourth-quarter results …

Travelers CEO: Will Insurers Outperform More Regulated Banks?

Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large financial companies amid a period of increased Wall Street regulation. Fishman’s company had an average annual return on equity of …

Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy

The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers’ CEO Jay Fishman explained his company’s personal auto strategy at the Barclays Capital Global Financial Services Conference in New York last week. …

Travelers Q4 Profit Down, Hurt by $669M Sandy Loss; Full-Year Profit Up

The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net income rose. The …

AIG Estimates $1.3B Net Losses From Superstorm Sandy

American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion.The estimate reflects a pre-tax loss estimate, net of reinsurance, totaling some $2.0 …

Travelers Cos.’ Preliminary Estimate: $650M Net Loss From Sandy

The Travelers Companies Inc. announced its preliminary estimate of net losses relating to Superstorm Sandy is approximately $650 million after tax and after estimated recoveries from reinsurance. This $650 million estimate reflects a gross loss estimate (pre-tax and before reinsurance) …

Travelers Will Continue to Seek Improved Pricing: CEO Fishman

The Travelers Companies Inc. said its Business Insurance segment pricing continued to rise in the third quarter — led by workers’ compensation and commercial auto. Rates also continued to climb in the Personal Lines segment. CEO Jay Fishman commented during …