Two established insurers are facing off in federal court over a familiar coverage question: which policy responds first.
Tag: Travelers
Travelers Loses Ohio Asbestos Occurrence Ruling
In a February 17 decision, the Third Appellate District Court of Appeals sided with Copeland Corporation on two key issues: which state’s law governs the policies and how to count occurrences under those policies.
Travelers Reports $1.7 Billion in Wildfire Claims, Future Insurance Strategy Unclear
Travelers has announced a $1.7 billion impact from policyholder claims related to the recent Los Angeles wildfires. However, the company has not confirmed whether it will significantly raise insurance premiums in California or nationwide to offset these losses.
SIAA Hosts the Latest SHE Golfs Clinic in Partnership With Travelers Insurance
SIAA hosts a free event for employees to encourage them to feel comfortable and confident on the golf course.
Travelers Publishes 2024 Injury Impact Report
Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents; also shows first-year employees still among those most vulnerable to injury.
Travelers to Acquire Corvus Insurance for $435M
The Travelers Companies, Inc. today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million. Founded in 2017, Corvus is an industry-leading cyber insurance managing general underwriter powered by proprietary technology.
Inflation Pressures, Mounting Accidents, Flooding From Ian Hit Allstate, Other Insurers
The nation’s largest auto insurers, already struggling with high inflation and mounting accidents, are now facing losses from vehicles flooded by Hurricane Ian. Allstate Corp. announced Wednesday that it would take a $875 million charge to boost its claims reserves in its upcoming third-quarter earnings, primarily related to its auto-insurance business, as a result of… Continue reading Inflation Pressures, Mounting Accidents, Flooding From Ian Hit Allstate, Other Insurers
Appeal Court Rules JPMorgan Chase Entitled to Insurance Coverage in Bear Stearns Settlement
On Tuesday, the New York Supreme Court ruled that JPMorgan Chase & Co is entitled to insurance coverage for $140 million of a Securities and Exchange Commission settlement with the former Bear Stearns Cos over improper mutual fund trading. The Court of Appeals ruled 6-1, overturning a lower court ruling, that the $140 million was… Continue reading Appeal Court Rules JPMorgan Chase Entitled to Insurance Coverage in Bear Stearns Settlement
Reliance Global Group Adds Travelers, Nationwide to Its 5MinuteInsure.com Platform
Reliance Global Group, Inc., an insurtech company focused on combining advanced technologies with the personalized experience of a traditional insurance agency, today announced its subsidiary, Fortman Insurance Services LLC, has been approved to offer Travelers and Nationwide insurance products nationally through the Company’s 5MinuteInsure.com platform. Reliance plans to initially focus on home and auto insurance,… Continue reading Reliance Global Group Adds Travelers, Nationwide to Its 5MinuteInsure.com Platform
Travelers Pledges $5 Million to Coronavirus Relief Efforts
The Travelers Companies, Inc. announced a $5 million commitment to assist families and communities impacted by the COVID-19 pandemic in North America, the United Kingdom and the Republic of Ireland. This includes support for the most financially vulnerable in the communities where Travelers operates. “Our customers and communities are facing an unprecedented challenge,” said Alan… Continue reading Travelers Pledges $5 Million to Coronavirus Relief Efforts