Travelers Cos.

• E&S Professionals See Signs of Market Change; Enjoy Rise in Premiums Written

  By Staff Writer  |  April 26, 2012

  Excess and surplus-lines carriers are beginning to see signs of a market change, including a shift in standard-carrier appetite for traditional E&S risks, according to an SNL Financial analysis.

• Connecticut Seeks to Recapture Role as Insurance Capital

  By Stephen Singer, Associated Press  |  February 21, 2012

  Hartford, Conn. is trying to recapture its status as the nation's insurance capital by drawing in a specialized insurance business that is finding a home elsewhere.

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  Coverage Trends in Manufacturing’s “Big 3” Risks: Workers’ Comp, Product Recall and Supply Chains

  By Dave Lenckus  |  February 9, 2012

  With Workers’ Compensation, the big shift is the medical component of costs exceeding indemnity costs. With Supply Chain risk, it’s the realization that supply and upstream customer chains can be far more fragile than anticipated in a catastrophe. And for food processors, the emerging challenge is a food-safety law that...

• Travelers: 4Q Income Down 31%; Business Rates Up Above Loss Trends

  By Chad Hemenway, PropertyCasualty360.com  |  January 24, 2012

  The Travelers Cos. says 2011 fourth-quarter net income fell 31 percent as underwriting gains suffered from lower prior-year favorable reserve development and catastrophe losses.

• EMC Group in Line for $19.3M in 3Q Catastrophe Losses

  By Chad Hemenway, PropertyCasualty360.com  |  October 21, 2011

  EMC Insurance Group Inc. says a record amount of catastrophe losses will negatively impact operating results for the third quarter.

• Private Schools and Universities Face Increase In Rates For Property Coverage

  By Dave Lenckus  |  September 15, 2011

  The risks being taken by students today make football look “blasé,” says Shirl Hedges, underwriting manager for schools at Philadelphia Insurance Cos. On the activity list these days: survival weekends, rock climbing, bronco bull riding and flying to a field-trip destination in a parent’s private airplane.

• Catastrophes Take Their Toll On Insurers’ 2Q Results

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  July 29, 2011

  The impact of second-quarter catastrophes on insurers is beginning to be seen, as four separate companies cited cat losses as the primary reason for their drop in net income.

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  Travelers Posts $364M Loss for 2Q; Weather Losses Worse Than Katrina

  By Chad Hemenway, PropertyCasualty360.com  |  July 21, 2011

  The Travelers Cos. says it recorded a second-quarter net loss of $364 million, driven by catastrophe losses greater than what the auto, home and business insurer saw from Hurricane Katrina.

• Twisters Likely to Turn Homeowners’ Rates Up

  By Chad Hemenway, PropertyCasualty360.com  |  June 23, 2011

  Just several weeks into June, this year is already guaranteed to be the costliest for U.S. insurers since 2008 as a trend of inland catastrophes continues. As a result, homeowners’ insurers are looking to increase rate to match the risk.

• Companies Report April/May Cat Losses Of Between $75M And $1B

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  June 17, 2011

  The Travelers Cos. says it expects after-tax catastrophe losses of about $1 billion from numerous weather events in April and May, coming in with the largest of four recent loss estimates for spring U.S. storms that spawned numerous deadly tornadoes.