Travelers Insurance News

Iowa City Negotiating With Insurer over Landfill Fire

Iowa City officials are negotiating with an insurer about a disputed claim arising from last year’s landfill fire. The Iowa City Press-Citizen says the city council has approved a confidentiality agreement with The Travelers Cos. That agreement will keep details …

Travelers Launches New Construction Pak- Builders’ Risk Product

Travelers has introduced Construction Pak – Builders’ Risk, an enhanced product to help construction projects of all sizes and types stay on schedule. From standard construction to complex undertakings such as highway projects, stadiums and high-rise buildings, the enhanced builders’ …

Travelers Settles with Louisiana Policyholders over Katrina/Rita Damage

Travelers Insurance announced it has reached a settlement with policyholders in Louisiana over property damage caused by Hurricanes Katrina and Rita. The Hurricane Katrina-Travelers Settlement Administrator said the proposed settlement has been preliminarily approved in a class action lawsuit, Arthur …

Travelers Insurance Finds Customers Stay Despite Rising Prices

Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time high. Travelers, a Dow Jones …

Travelers’ CEO Fishman: Rate Increases Continuing

Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos. Inc. said on Tuesday. In a slide presentation prepared for a Barclays financial …

Travelers Sues NFL Over Ex-Players’ Brain Injury Lawsuits

Several subsidiaries of Travelers Companies Inc. sued the National Football League and a host of other insurers, seeking to avoid paying to defend the league against a wave of brain injury-related claims by thousands of former players and their families. …

Travelers Insurance Says Policy Excludes Trayvon Martin’s Mother’s Claim

Trayvon Martin’s mother is asking for at least $75,000 from the homeowners’ association of the gated community where her teenage son was fatally shot by neighborhood watch volunteer George Zimmerman, court documents show. Sybrina Fulton also has asked for an …

Travelers Insurance Reports Q2 Profit Despite Disaster Losses

Travelers Cos Inc. reported a second-quarter profit on Thursday but missed Wall Street expectations, as the insurer’s catastrophe losses fell from a year before but were still higher than historical norms. Travelers, a Dow Jones industrial average component, also said …

Travelers: Q4 Profit Down But Pricing Rebounds Sharply

Travelers Companies Inc. reported a smaller profit for the fourth quarter, as it released less money from its reserves than a year earlier, though it also reported its biggest rate increases in eight years as the industry returned to pricing …

2012 Off to Bad Weather Start for P/C Insurers

Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in northern Europe. Sound familiar? This year is starting a lot like last year in terms of unexpectedly severe weather, to the consternation of the insurance industry, …