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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 BrokersTechnology

What four insurers say about IBAC Data Exchange

August 13, 2018 by Greg Meckbach

Reducing the workload for human beings is one reason some insurance carriers are participating in part of the Insurance Brokers Association of Canada’s Data Exchange project. “We are constantly looking for ways to eliminate manual processes, to eliminate administrative functions,

News Earnings / Ratings

Non-cat weather losses push up Travelers’ Q3 combined ratio

October 24, 2016 by Canadian Underwriter

The Travelers Companies Inc. recently reported its third-quarter combined ratio deteriorated by six points while Q3 net premiums written were up 3% year over year. New York City-based Travelers reported Oct. 20 its financial results for the period ending Sept.

News CatastrophesEarnings / RatingsInsurance

Q2 catastrophe losses up 50.6% for Travelers after hail, wildfires

July 21, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported Thursday its combined ratio deteriorated 2.3 points, it renewed July 1 a property catastrophe reinsurance contract for Canada covering losses between $200 and $600 million (plus 50% of losses over $100 million), and that it