Travelers Insurance News

Colorado Man Sentenced for Role in $268K Auto Insurance Fraud Scheme

A Colorado man who aided a former insurance claims adjuster in an auto insurance claims scheme was sentenced this week. In 2020, Brassfield, 55, of Aurora, reportedly aided former Travelers Insurance employee Colette Palin, 63, of Aurora in committing fraud. …

Travelers to Open Technology Office in Atlanta

Just as companies worldwide struggle with the office-versus-remote work question, Travelers has decided to open a 2,800-square-foot office site in Atlanta to house its artificial intelligence, data science and other technology operations. Travelers, a global property and casualty insurer, plans …

Travelers CEO on Q1 Results: ‘We’re Firing On All Cylinders’ With Net Income Up 16%

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 $970 million in …

Travelers Acquires Tech Assets of Insurtech Trōv for Personal Insurance

Trōv, an early insurtech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire its technology assets. Trōv did not disclose financial terms of the …

Travelers Expands Telematics Auto Insurance Offering With App-Based Program

The Travelers Companies Inc. is expanding its telematics auto insurance offering, IntelliDrive, with the launch of an app-based program called IntelliDrivePlus. IntelliDrive launched in 2017 and is available in 40 states. It calculates a premium based on driving behaviors, excluding …

New York Man Arrested for Insurance Fraud Following Criminal Investigation

A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation. On January 28, 2020, the Ellenville Fire Department requested the Ulster County Fire Investigation Unit to respond in Wawarsing, New York, …

California Electrician Sentenced for Defrauding Workers’ Comp Providers, Employers

Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading no contest to two felony counts of insurance fraud after illegally working for multiple employers while simultaneously …

Insurer Travelers Overcomes California Restaurant’s COVID-19 Business Loss Claim

A federal court in California has dismissed a lawsuit filed by a Los Angeles restaurant seeking business interruption losses from Travelers Indemnity due to coronavirus-related restrictions on its business. Judge Stephen Wilson of the U.S. District Court for Central California …

Federal Judge Advances Business Interruption Dispute Between Law Firm, Travelers

A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in refusing to remove its case to state court and denying its request for a dismissal or stay of a countersuit …

Travelers, Insured Law Firm Spar Over Civil Authority Business Income Loss Claim

Travelers Cos. has gone to federal court in California seeking a declaratory judgment that it is not obligated to pay any business income losses of a law firm it has insured under two business owner policies. Its law firm insured, …