Travelers News

Cat Loss Update: 3 Weeks Post-Harvey

Three weeks after Hurricane Harvey made landfall in Texas, claims tallies and the storm’s financial impact are beginning to be calculated. The Insurance Council of Texas estimated $19 billion in insured losses resulting from Hurricane Harvey. The ICT reports massive …

Business News: State Auto, Aon, Travelers

State Auto Insurance Group Announces Review of Strategic Alternatives for Its E&S Business The State Auto Insurance Group (State Auto) announced it is undertaking a review of strategic alternatives for its Excess and Surplus (E&S) Lines business, including a possible …

Industry Offers Donations, Free Tools to Victims of Hurricane Harvey and Irma

Nearly three weeks after Hurricane Harvey caused massive flooding in Texas and a week after Irma began taking aim at Florida, insurers and vendors are offering aid to hurricane victims in various ways. Recent reports estimate flood damage resulting from …

Employers Navigate Various State, Local Laws to Stay Compliant

Businesses risk employment practices claims if they don’t stay on top of changing state and municipal employment laws, according to Chris Williams, Employment Practices product manager for Travelers. In an interview with Claims Journal, Williams says firms with multiple locations …

Fewer Ladders, More Drones Being Used to Adjust Harvey Claims

Insurance adjusters are bringing more drones with them than ever before as they head to Texas to assess the damage from Harvey. Companies are using the drones on a much larger scale to record images, save time and spare human …

Update: Claims Teams Begin Handling Onslaught of Harvey Cat Losses

Hurricane Harvey has set a U.S record, according to the National Weather Service, dumping 51.88 inches of rain in parts of Texas. As the tropical storm moves over southern Louisiana, claims catastrophe teams are moving in to devastated cities in …

Insurers Ready Adjusters for Harvey Cat Losses

Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction. Hurricane Harvey made landfall late Friday evening as a category 4 hurricane. According to AIR Worldwide, “the eye of the storm crossed …

Business News: Travelers, ISO, IAIABC

Travelers Completes Acquisition of UK-Based Simply Business The Travelers Companies, Inc.completed its previously announced acquisition of Simply Business, a leading provider of small business insurance policies in the United Kingdom, offering products online on behalf of a broad panel of …

Travelers Reports 30% Reduction in Opioid Use Among Workers’ Comp Claimants

The Travelers Companies, Inc., reported a 30 percent reduction in the use of opioids among the more than 500,000 injured U.S. employees covered by its workers’ compensation policies since 2015. This has been achieved primarily through the use of the …

Business News: Chubb, Progressive, Travelers

Chubb Launches Dedicated Multi-line Practice Focused on Large Transportation Clients in North America Chubb launched a multi-line industry practice within its Major Accounts division, dedicated to providing innovative insurance products, industry-leading service and risk management solutions for best-in-class large risk …