Travelers News

Hurricane Matthew Claims Offer Opportunity for Travelers to Ramp Up Drone Use

Earlier this month, The Travelers Companies, Inc., announced that it would be using drones to assist in assessing damage resulting from Hurricane Matthew. The insurer deployed a team of newly trained drone operators to inspect residential and commercial property damage …

UIM Endorsement Doesn’t Cover Worker Injured While Not Occupying Employer’s Truck

On October 6, 2016 the United States District Court for the Western District of Kentucky, applying Missouri law, granted a summary judgment for Travelers Property & Casualty Company of America, after holding that the injured plaintiff was not insured by …

Decline in Travelers Profit Continues

Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. Third-quarter net income fell 23 percent to $716 million, or $2.45 a share, from $928 …

Travelers Mourns the Loss of Fishman, Executive Chairman of the Board and Former CEO

Jay S. Fishman, executive chairman of the Board and former chief executive officer, has died, according to an announcement by The Travelers Companies, Inc. “We are greatly saddened by the loss of our esteemed colleague and friend. Our thoughts are …

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 …