Fishman.jpg
Jay Fishman, chairman and CEO of Travelers, buys his homeowners insurance from a rival carrier! He said so during a speech in New York last week on catastrophe risk at NU's annual Executive Conference for the Property-Casualty Industry. Am I the only one who thinks that's a little weird?


As reported by our managing editor, Susanne Sclafane, Mr. Fishman revealed that he isn't covered by his own company while relating a personal story about the high cost of insurance for homeowners in Florida–using the example of a house owned by his now deceased mother-in-law.

Its not written by Travelers,” he noted. “I dont have insurance by Travelers from a conflict perspective. I just think that its not right for me to be insured by my own company.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.