Travelers

Insurance News & Features

“NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. announced that Bill Cunningham has been promoted to Executive Vice President, Business Insurance, leading the company's Business Insurance segment, effective March 1, 2010…Cunningham began his career with Travelers in 1987 in Commercial Accounts and has held a number of positions of increasing responsibility since then, including leadership roles in the Travelers Construction, National Accounts and Commercial Accounts businesses. Cunningham is also a member of the company’s Management Committee…”

“NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. today announced that it has entered into two reinsurance agreements with Longpoint Re II Ltd., a newly formed Cayman Islands insurance company, each providing up to $250 million of reinsurance from losses resulting from certain hurricane events in the northeastern United States. The reinsurance agreements, entered into on December 18, 2009, provide protection for covered events occurring before or on December 18, 2012 and December 18, 2013, respectively...”

“NEW YORK--(BUSINESS WIRE)--Jay S. Fishman, Chairman and Chief Executive Officer of The Travelers Companies, Inc., is scheduled to speak at the Barclays Capital Global Financial Services Conference in New York City on Tuesday, September 15, 2009, at 8.15 a.m. EDT…Travelers is a leading provider of property casualty insurance for auto, home and business. A Fortune 100 company, Travelers has 33,000 employees and generated revenues of approximately $24 billion in 2008.”

“HARTFORD, Conn.--(BUSINESS WIRE)--As massive wildfires in southern California threaten thousands of homes, Travelers (NYSE: TRV) has deployed its catastrophe response team including a Mobile Claim Office to the area. The Mobile Claim Office is a custom-built RV designed to operate as portable insurance claim office. Once in place, the response vehicle will provide support to Travelers’ northern and southern California-based claim operations by helping assist policyholders should they be affected by the wildfires. While the Mobile Claim Office makes its way to southern California, Travelers’ National Catastrophe Management Center in Connecticut is continually monitoring how customers might be impacted by the wildfires. The Catastrophe Center stays in constant communication with the local team in California, ready to deploy additional resources on a moment’s notice should the need arise. ‘Our team in southern California is very experienced in helping our customers deal with wildfires,’ said Ray Stone, Vice President of Catastrophe Operations for Travelers. ‘Our claim professionals have been through this type of disaster before and can anticipate any additional support customers may need at which point the Catastrophe Center is immediately able to respond. It’s very much a team effort.’”

“HARTFORD, Conn.--(BUSINESS WIRE)--The growing emphasis to improve the nation’s transportation infrastructure is providing new opportunities for highway, street and road contractors to take on additional projects.¹ To help manage the need for additional insurance coverage, Travelers (NYSE: TRV) Construction Insurance developed the IndustryEdge^® program to meet highway, street and road contractors’ specific insurance and risk management needs. ‘The public demand for maintaining and adding to our country’s 4 million miles of roads remains strong,’ said Scott Higgins, President, Travelers Construction. ‘That demand, combined with the possibility that funds from the American Recovery and Reinvestment Act may make their way to state and local governments, contractors across the country could see an increase in opportunities. Highway, street and road contractors need to check with their independent insurance agent to ensure that they are working with an insurance carrier that is financially sound and that has proven experience and broad knowledge of the transportation construction industry.’ Designed for highway, street and road contractors with 20 or more employees, the new IndustryEdge program offers a wide array of insurance coverages and services. Through feedback received from its independent agents, Travelers Construction built the program to provide highway, street and road contractors insurance coverage that addresses General Liability, Workers Compensation, Umbrella, Contractors Pollution Liability, and Professional Liability, among others. Other features of the new IndustryEdge program for highway, street and road contractors include coverages from Travelers Inland Marine and Travelers Bond & Financial Products, Construction Services. Travelers Inland Marine offers Contractors Equipment coverage for all types of owned or leased equipment. Builders’ Risk and Installation coverage is also available for project materials used while at the job-site, in storage, or in transit. Travelers Bond & Financial Products, Construction Services provides surety products for highway, street and road contractors including bid, performance and payment, release of lien, license and permit, and supply bonds. The services included in Travelers Construction’s IndustryEdge program provide a total account solution for highway, street and road contractors. Travelers Risk Control provides Construction TravSources^SM, a collection of safety and risk management resources dedicated to help contractors meet today's risk management and safety challenges. Additionally, Travelers experienced Construction Claim staff works exclusively on handling claims fairly and efficiently. ‘Highway, street and road contractors face situations that are unique to their industry and as things change, they need to make sure their insurance coverage and service keeps pace,’ said Jim Carr, Middle Market Segment Leader for Travelers Construction. ‘We created this IndustryEdge program to help our independent agents better sell our comprehensive package of coverages and services for highway, street and road contractors and to be seen as knowledgeable, trusted advisors to their customers in the construction industry.’”