Travelers News

Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers

The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The federal appeals court affirmed the denial of the claims …

34% of Workplace Injuries Occur in First Year on the Job: Travelers

More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee’s time spent in a particular role is one …

Distracted Driving: A Fatal Problem with Seemingly Simple Solutions

In 2021, distracted driving killed 3,522 people. April is Distracted Driving Awareness Month, and statistics show that distracted driving has become an increasingly common and fatal hazard. According to the National Highway Traffic Safety Administration (NHTSA), in 2020, 8% of …

No Such Thing as a ‘Run on the Bank’ In Insurance Biz: Travelers CEO

With recent troubles in the banking sector having only minimal impact on his company’s specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to describing how insurers stand apart from banks. “There’s no …

People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer

Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess & Surplus, a specialty division. Marsh will oversee Northfield’s current business while identifying new areas for growth. Before joining the …

Texas Auto, Homeowners Premiums Grew Double Digits in 2022, Report Shows

The Texas market for auto and homeowners insurance grew double digits in 2022, according to an annual report put out by the Texas Department of Insurance. Texas insurers reported direct premium written for private passenger auto of $26.3 billion in …

Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’

A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter seen by Reuters showed. Insure our Future, …

Psychosocial Barriers Not Uncommon in Workers’ Comp Recoveries

Workers returning to work after an injury can face various obstacles depending on the nature of their injury and the job, their available benefits and rehabilitation needs, even transportation challenges. Those who help workers know that behavioral issues also get …

Intensifying Storms Are Fueling a Record $17 Billion Bond Barrage

Bonds sold to help US utilities recoup losses from natural disasters are seeing an unprecedented boom, with the latest burst of issuance generated by the deadly February 2021 storm that paralyzed Texas as it struck a large swath of the …

Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk

Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market businesses The data ecosystem, built on Google Cloud, will …