Travelers News

People Moves

Swiss Re Corporate Solutions Appoints Gonzalez as CEO North America Swiss Re Corporate Solutions announced the appointment of Ivan Gonzalez as CEO North America. He moves from his current position as CEO Latin America and assume the new role on …

Travelers: Training, Risk Mitigation Can Help Businesses Reduce Workers’ Comp Claims

A new report released by the Travelers Companies Inc., reveals that even minor injuries can substantially impact business productivity. The Injury Impact Report identifies the most common causes of workplace accidents and injuries through analysis of 1.5 million workers’ compensation …

Travelers’ New Predictive Model Targets Chronic Pain, Opioid Use

In response to rising chronic pain claims, Travelers announced the development of a new patent-pending predictive model designed to identify claims and workers most at risk. The company, which developed the Early Severity Predictor (ESP) program, manages more than 250,000 …

Business News

PDA Extends Appraisal Services to Financial Sector Property Damage Appraisers (PDA) is spreading the word about one of its core business practices that many may not know about – financial services. PDA’s appraisal services are ideal for banks, credit unions …

Schnitzer to Succeed Fishman as Travelers CEO Effective December 1

Travelers announced that Alan D. Schnitzer will succeed Jay S. Fishman as chief executive officer, effective December 1, 2015, and has been appointed to the company’s Board of Directors, effective the same date. Fishman said he will still play an …

Travelers to Pay More Than 1,300 Claims Filed in Akron Asbestos Suit

More than 1,300 damage claims were filed in a northeast Ohio court on behalf of the heirs of Akron-area rubber and auto workers who died or developed serious illnesses from exposure to asbestos. The claims in Summit County Probate Court …

Travelers Claims Data Reveals Ways Thieves Use Stolen Identities

Travelers revealed 2014 identity fraud claim information from its claim data that highlight the most common ways identity thieves use personal information. Thirty-six percent were a result of thieves using existing credit or debit cards. Twenty-one percent of claims are …

Nebraska State Insurer Seeks Pass in Missing Student Lawsuit

The insurance company for the state has asked a judge to declare that it has no duty to pay any award made against the Nebraska State Colleges Board of Trustees in a lawsuit over the 2010 disappearance of a Peru …

Catastrophe Costs Cause Travelers Profit to Fall 26% to $683M

Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit fell 26 percent on catastrophe costs. Net income declined to $683 million, or $1.95 a share, from $925 million, or $2.41, a year earlier, the …

Travelers Identifies Top Concerns for Businesses in New Annual Risk Index

American businesses large and small say medical cost inflation, legal liabilities and technology risks are among their top concerns, according to the baseline findings of a new annual Business Risk Index from Travelers. The survey polled more than 1,100 business …