Travelers Insurance News

Travelers Latest to Add to Asbestos Reserves

Travelers Cos. is the latest large insurance company to say the asbestos problem, which the industry was supposed to have put behind it long ago, has not gone away and may be getting worse. Travelers put 25 percent more into …

After Embezzlement Claim, Insurer Drops Tennessee County’s Policy

Officials in Shelby County in Tennessee said their insurance company is not renewing the county’s policy protecting against financial crimes, a move that stems from an alleged embezzlement scheme at Chancery Court that led to $1 million in losses. Travelers …

Travelers to Post Q2 Loss, Limit Share Buybacks Due to Storm Losses

Travelers Companies Inc. is slowing down its share buybacks and will post a second-quarter operating loss because of more than $1 billion in catastrophe losses, the property insurer said Friday. The company also warned of worst-case scenario industry losses on …