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Travelers

News Claims

Why Travelers is confident it does not have to cover many COVID-19 business interruption losses

July 28, 2020 by Greg Meckbach

The Travelers Companies Inc. will have to spend money defending itself in business interruption coverage lawsuits arising from the pandemic, but officials with the New York City-based insurer do not expect it will actually have to pay out on many

News Insurance

Why it’s difficult for insurers to forecast future COVID-related losses

July 27, 2020 by Greg Meckbach

Commercial insured losses caused by the ongoing pandemic cost The Travelers Companies Inc. more than $100 million during the three months ending June 30, but it’s difficult to predict how much more it will cost the insurer in the long

News ClaimsClaims CanadaInsuranceLegal

How Travelers won appeal over Ontario accident benefits dispute

June 17, 2020 by Greg Meckbach

When an Ontario woman was catastrophically injured in an accident in a Nunavut-plated vehicle in Nunavut, that vehicle’s insurer was initially told it had to pay Ontario accident benefits to the claimant. But in Travelers Insurance Company of Canada v.

News InsuranceRiskTechnology

How Travelers advises clients to mitigate auto risk

August 23, 2019 by Greg Meckbach

Do your commercial clients have a strict policy of not calling employees while they are driving? Many drivers who are distracted are actually workers who are travelling on behalf of their employers during the day, Ontario Provincial Police Sergeant Gord

News InsuranceMergers and Aqcuisitions

Major insurer ‘actively’ looking at insurance risk linked to M&A in Canada

January 21, 2019 by Greg Meckbach

Commercial brokers advising Canadian clients involved in mergers and acquisitions could soon have another market to which they could place transactional risk. The Travelers Companies Inc. announced Jan. 15 it plans to offer transactional risk insurance in the United States.

News ClaimsEarnings / RatingsInsurance

Root cause of commercial auto woes hard to pinpoint: Insurer CEO

October 25, 2018 by Greg Meckbach

Commercial auto losses have been worse than expected for The Travelers Companies Inc., and company officials are not exactly sure why. “It’s a line that has been challenged from a profitability perspective for a while,” Travelers chairman and CEO Alan

News CatastrophesClaimsRisk

This storm preparation tip is a myth

September 12, 2018 by Greg Meckbach

As Newfoundland gets hit by the remnants of Tropical Storm Gordon and Hurricane Florence threatens the Carolinas, brokers can make a difference in advising homeowners what not to do as nasty weather approaches. “In Canada, there are not many hurricane-type

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

The preferred way to transfer risk of automated cars: Travelers

July 22, 2018 by Jason Contant

The public policy division of Travelers is recommending that a “clear risk transfer mechanism” be in place to adapt auto insurance for autonomous vehicles. “While there has not been widespread attention paid to how liability and compensation will be addressed as

News InsuranceLegal

Your client texts a driver who crashes. Is your client liable?

April 23, 2018 by David Gambrill

Look for Canadian case law to impose secondary liability on texters who distract drivers with their email messages, akin to social host liability, a senior claims executive at Travelers predicts. “If I text someone while driving, and they get into

News Earnings / RatingsMarkets / CoveragesMergers and Aqcuisitions

A.M. Best reports spike in Canadian investment in U.S. insurance market

September 1, 2017 by Canadian Underwriter

There is a “growing interest” among Canadian property and casualty insurers in the United States market, while on this side of the border, Aviva plc has became the Number 2 P&C insurer in Canada and the loss ratio in Canadian

News InsuranceMarkets / CoveragesProductsTechnology

Insurtech funding in Q1 2017 sees 64% drop from Q1 2016 to US$283 million: Willis Towers Watson Securities

May 2, 2017 by Canadian Underwriter

Insurtech funding in the first quarter of this year saw funding volume of US$283 million, a 64% drop from the first quarter of 2016’s total of US$783 million, likely the result of “start-ups moving from fundraising to product launch stage,”

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Travelers reports combined ratio of 96% for Q1, net income of US$617 million

April 20, 2017 by Canadian Underwriter

The Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31