All the headlines from our Travelers Topic Page, ordered by recency.
Aug 3 2020 // Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The...
Jul 27 2020 // The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday.Steven N. Weisbart, senior vice president and...
Jul 23 2020 // The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net income of $557 million in the prior year quarter. The insurer said the difference was primarily due to higher...
Jul 14 2020 // In a preliminary look, The Travelers Companies said it expects to report a net loss for the second quarter, results that will reflect losses from storms, civil unrest and its non-fixed income investment portfolio.It also...
Jun 9 2020 // Property/casualty insurer The Travelers Companies Inc. said it is committing $1 million to assist nonprofits dedicated to advancing racial equality across the United States and rebuilding damaged businesses in Minnesota,...
May 12 2020 // San Francisco-based children’s clothing boutique Mudpie Inc. has filed a class action lawsuit on behalf of California-based retail stores against an insurance provider, saying the small businesses were wrongfully...
Apr 27 2020 // Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses they claim are...
Apr 23 2020 // During an earnings conference call Tuesday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic recovery from COVID-19...
Apr 21 2020 // Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results...
Apr 21 2020 // 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...
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers.State...
Apr 9 2020 // More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis.Progressive...
Apr 5 2020 // The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more...
Jan 24 2020 // Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an...
Jan 23 2020 // Strong quarterly and full year 2019 results for Travelers Cos. were helped by lower catastrophe losses and premium hikes.Net income rose to $873 million in the fourth quarter ended Dec. 31 from $621 million for the same...
Jan 13 2020 // New federal rules on overtime pay, which began January 1, change for the first time since 2004 the threshold for who is entitled to overtime pay — and who is not.The new rule raises the income threshold that...
Jan 7 2020 // Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October.Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said...
Dec 29 2019 // Time is running out for employers to familiarize themselves with new federal rules on overtime pay.Starting January 1, the threshold for who is entitled to overtime pay — and who is not — changes. It’s the first...
Oct 22 2019 // The Travelers Companies reported net income of $396 million for the third quarter compared to $709 million in the prior year quarter.Core income in the current quarter was $378 million compared to $687 million in the third...
Oct 10 2019 // The Travelers Companies has joined the Advanced Vehicle Technology (AVT) Consortium at the Massachusetts Institute of Technology (MIT) and Partners for Automated Vehicle Education (PAVE), organizations working to advance...