Travelers Cos. must pay more than $500 million to victims of asbestos-related diseases under settlement proposal first approved by a judge in 2004, a federal appeals court in New York ruled.

Jenkins has offices in California and Nevada, employs 160 and has approximately $34MM of annual revenue.

Travelers Cos., the only property and casualty insurer in the Dow Jones Industrial Average, said second-quarter profit fell 26%, missing estimates, on catastrophe costs.