Jay Fishman, chairman and chief executive officer of Travelers, buys his homeowners insurance from a rival carrier, raising some very interesting ethical and practical considerations.
As reported by Managing Editor Susanne Sclafane, Mr. Fishman shared his personal insurance circumstances during a speech in New York last month on catastrophe risk at NU's annual Executive Conference for the Property-Casualty Industry.
He revealed he isn't covered by his own company while relating a personal story about the high cost of Florida homeowners insurance–using the example of a house owned by his now deceased mother-in-law.
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