The Travelers Companies News

Travelers Expands Wedding Protector Plan to Include Jewelry Insurance

The Travelers Companies, Inc. has expanded its Wedding Protector Plan insurance offering to include separate fine jewelry insurance policies with coverage limits of up to $100,000. Typical homeowners insurance policies often have limits for jewelry of up to about $1,500. …

Travelers to Provide Auto Insurance for Lexus Complete Lease Program

The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, …

Travelers Partners with ASQ Underwriting on Transactional Risk Insurance

The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to insurance to mitigate deal risk and compete for acquisition …

Travelers Grew Q4 Profit Despite California Wildfire, Hurricane Michael Losses

Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net income rose to $621 million from $551 …

Travelers Partners with Contractor, Tech Firm on Wearables for Construction Safety

The Travelers Companies has partnered with contractor company Gilbane, and Triax Technologies, a provider of Internet of Things (IoT) construction technology, to explore the potential safety benefits of wearable devices. According to the companies, Travelers will review data collected from …

Texas Cities to Receive Donated Smoke Alarms

Spring, Texas, along with more than two dozen cities in the state, will receive smoke alarms from the Insurance Council of Texas (ICT) courtesy of a program called We’re Out to Alarm Texas. Spring firefighters will distribute the 10-year lithium …

Frey to Replace Benet as CFO at Travelers

The Travelers Companies announced that, effective Sept. 1, Jay S. Benet will step down from his role as chief financial officer, a position he has held since 2002. Benet will remain on the senior leadership team as vice chairman. Daniel …

Travelers Enhances Workers’ Comp Claims Platform for Injured Employees

The Travelers Companies, Inc. has added new digital capabilities to its “MyTravelers for Injured Employees” workers’ compensation claims platform designed to improve the claim experience for injured employees. The company’s web-based and mobile-friendly self-service tool for workers compensation claims now …

Travelers Releases Enhanced Homeowners Insurance Product in Select States

The Travelers Companies, Inc. has released an enhanced homeowners insurance product with tailored pricing and flexible coverage options called Quantum Home 2.0 (QH2.0). The new product includes “simpler” policy documents designed to help customers better understand their insurance. The new …

Travelers Taps Gifford for New Chief Data and Analytics Officer Position

The Travelers Companies has named Bruce Gifford to the newly-created role of enterprise chief data and analytics officer to further strengthen the company’s data and analytics capabilities. Gifford previously served as senior vice president and chief actuary for the company’s …