Travelers Cos. said Doreen Spadorcia, who has been with the insurer for about 30 years, is retiring from her post as chief executive officer of personal coverage.
Premium growth is closely linked to demographic changes, and while the U.S. will continue to see population growth, current trends will, over time, lead to significant changes in the personal-lines consumer base relative to what currently exists. See a breakdown of the changes ahead for the insurance industry.