New York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches November 26, 2024 Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents August 7, 2024 Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according...
Insurer Travelers Profit Falls 14% on Elevated U.S. Catastrophe Losses October 18, 2023 Travelers Companies on Wednesday reported a 14% fall in quarterly profit, as severe wind and hail storms in parts of...
Catastrophe Losses Double at Travelers as Insurance Industry and More Regions Absorb Severe Weather July 21, 2023 By Michelle Chapman Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent...
Travelers: New Hires May Drive Work Comp Claim Frequency May 4, 2022 By Jim Sams A new report by Travelers says workers with less than a year’s time on the job filed 35 percent of...
Travelers’ Profit Beats Estimates on Lower Catastrophe Losses April 19, 2022 Property and casualty insurer Travelers Companies Inc. reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday,...
11th Circuit: Insurer Missed Deadline to Remove Bad Faith Case to Federal Court December 16, 2021 By Jim Sams Darryl A. Vachon did not accuse Travelers of bad faith in handling his $25,000 uninsured motorist claim until after a...
As Criminals Innovate, ATM Thefts Becoming a Growing Source of Insurer Loss February 5, 2021 By Jim Sams Convicted bank robber Willie Sutton, when asked why he robbed banks, famously said, “because that’s where the money is.” In...
Insurer Travelers’ Profit Beats Estimates on Investment Gains, Fewer Claims January 21, 2021 By Noor Zainab Hussain and Suzanne Barlyn Property and casualty insurer Travelers Cos Inc reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped...
Catch-All Travel Insurance Booms as U.S. Flyers Take Thanksgiving Risks November 25, 2020 By Noor Zainab Hussain U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the...