Travelers Property Casualty Corp. announced that it has executed an agreement in principle to settle asbestos class actions that sought damages from the company for using illegal practices to delay settling claims. Terms of the settlement at the p Travelers Property Casualty Corp....
DIRECTLY CONTRADICTING THE brokers in the World Trade Center coverage dispute, a Travelers Property Casualty underwriter testified last week that he never actually insisted other carriers switch to his company's form, nor was he told that Travelers w DIRECTLY CONTRADICTING THE brokers in the World Trade...
SAINT PAUL, Minn. -- The St. Paul Travelers Companies, Inc. (St. Paul Travelers) (NYSE:STA) today announced that the U.S. Bankruptcy Court for the Southern District of New York has issued an order granting approval of the settlements of all pending statutory-based and Hawaii asbestos-related direct actions and substantially all common...
Byline: GLORIA GONZALEZ NEW YORK-A Willis Group Holdings Ltd. broker testified last week that he had ordered the use of a policy form that would classify the Sept. 11, 2001, destruction of the World Trade Center's twin towers as two occurrences al Byline:...
Travelers Property Casualty Corp. announced on Jan. 14 that it has increased its asbestos reserves by $2.45 billion to $3.4 billion after reviewing the company's recently completed asbestos study. The study involved an extensive review and assessme Travelers Property Casualty Corp. announced on Jan....
Hartford, Conn.-based Travelers Property Casualty Corp. is implementing Web-based medical billing and reporting for its workers' compensation business. This connectivity, enabled by services from P2P Link LLC, Farmington, Conn., will enable Travelers Hartford, Conn.-based Travelers Property Casualty Corp. is implementing Web-based medical billing and reporting...
Byline: JOANNE WOJCIK HARTFORD, Conn.-The size of Travelers Property Casualty Corp.'s asbestos reserve boost took industry analysts and rating agencies by surprise, even though the insurer had announced last year that it was conducting a comprehen Byline: JOANNE WOJCIK HARTFORD,...
Byline: jacqueline s. gold Last week's $16 billion merger deal between St. Paul Cos. and Travelers Property Casualty Corp. is likely to further limit insurance availability here, and push costs higher than their already-stratospheric levels. In Byline: jacqueline s. gold...
AFTER TRAVELERS PROPERTY Casualty Corp. and The St. Paul Companies Inc. made guarantees that their consolidation would not hurt the town where Travelers is headquartered, Connecticut regulators signed off on a merger of the two insurers to create a n AFTER TRAVELERS PROPERTY Casualty Corp. and...
NEW YORK -- Paskowitz & Associates has filed a class action lawsuit on August 17, 2004 in the United States District Court for the District of Minnesota on behalf of all Travelers Property Casualty Corp. ("Travelers") Class A and Class B shareholders whose shares of Travelers were automatically exchanged for...
SHAREHOLDERS OF THE ST. PAUL Companies and Travelers Property Casualty Corp. have voted to approve the merger of the two insurers. Shareholders of both carriers cast their votes on March 19. Eighty-three percent of those eligible to vote from St. P SHAREHOLDERS OF THE...
AFTER FINALLY GAINING ALL THE requisite regulatory and shareholder approvals, The St. Paul Companies and Travelers Property Casualty Corp. formally merged to become The St. Paul Travelers Companies on April 1. The two carriers did encounter some bu AFTER FINALLY GAINING ALL THE requisite...
Byline: RODD ZOLKOS HARTFORD, Conn.-Travelers Property Casualty Corp. reported net income of $781.2 million for the first six months of this year, an 80.0% increase over the same period last year. The insurer's net income for the first half of 2 ...
While competitors in the property-casualty insurance segment were reporting earnings disappointments for the third quarter of 1999, Travelers Property Casualty Corp. in Hartford announced a 13 percent jump in operating earnings. Travelers, like ot While competitors in the property-casualty insurance segment were ...
The sort of surprise announcement by The St. Paul Companies Inc. and Travelers Property Casualty Corp. to merge and create The St. Paul Travelers Companies is receiving a mostly positive reception from ratings firms and equity analysts. But indu The sort of surprise...
Travelers Property Casualty Corp. has appointed John N. Wilson as chief executive officer for Constitution State Service Co., Travelers' third-party administrator ... Travelers Property Casualty Corp. has appointed John N. Wilson as chief executive officer for Constitution State Service Co., Travelers' third-party administrator subsidiary. As...
Travelers Property Casualty Corp. has entered the market for nonstandard auto insurance in Florida and will now offer coverage in the state to drivers with accidents or violations on their records, with limited driving experience or who drive high-pe Travelers Property Casualty Corp. has entered the...
Byline: DOUGLAS McLEOD NEW YORK-World Trade Center leaseholder Silverstein Properties Inc. and a dozen of its insurers offered sharply conflicting versions of the WTC insurance placement last week as the two sides summed up their cases in the $3.5 Byline: DOUGLAS McLEOD ...
* TRAVELERS PROMOTIONS In a realignment of management responsibilities in its property/casualty operations, Travelers Property Casualty Corp. has made several executive promotions. Charles J. Clarke, vice chairman of Hartford, Conn.--based Travelers, * TRAVELERS PROMOTIONS In a realignment of management responsibilities in its property/casualty operations, Travelers...
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