Travelers Insurance News

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, …

How Big Tech Flirted with Insurance in 2018

The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view of what established big technology firms were doing in insurance. During 2018, giant technology firms Google and Amazon showed renewed …

Pennsylvania Man Charged with Filing Fraudulent Insurance Claims in New Jersey

A Pennsylvania man has been charged with filing nearly $50,000 in fraudulent insurance claims for items allegedly lost or stolen while he was traveling around the country. Robert Cirino of Reading, Penn., was indicted on charges of second-degree insurance fraud …

Oklahoma Regulators Warn Insurers on Earthquake Coverage Hikes

Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At …

South Dakota Lawyer Says Auto Insurer Misled Him about Policy

The former lawyer for a car crash victim accused an auto insurance company of hiding a $1 million policy that could have paid for his client’s medical bills during testimony in court. Attorney Jeff Cole testified in federal court in …

Travelers Insurance Sales, Underwriting Improve in Q3

Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said third-quarter profit advanced 1 percent as sales growth accelerated, and improved underwriting margins helped cushion lower investment income. Net income climbed to $928 million from $919 million …

Travelers Insurance Off Hook for $30M Trademark Claim: Court

Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court against New York’s Ashley Reed Trading Inc., …