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September 05, 2015 6:42 AM ET

Insurance

Company Overview of The Travelers Indemnity Company

Company Overview

The Travelers Indemnity Company provides property and casualty insurance for individuals, businesses, and organizations in the United States and internationally. It offers auto, homeowners, renters, condo, flood, boat and yacht, umbrella, wedding and private events, identity fraud protection, and valuable items coverage insurance for individuals, as well as affinity auto and home programs. The company also provides specialized risk, surety bond, management and professional liability, and risk control solutions for small, mid-sized, and large businesses. It offers its products through independent agents and brokers. The Travelers Indemnity Company was founded in 1864 and is based in Hartford,...

One Tower Square, 2MS

Hartford, CT 06183

United States

Founded in 1864

Phone:

877-754-0481

Fax:

860-954-2382

Key Executives for The Travelers Indemnity Company

Vice Chairman and Head of Financial, Professional & International Insurance Business Segment
Age: 49
Compensation as of Fiscal Year 2015.

The Travelers Indemnity Company Key Developments

FAPS Inc. Files Lawsuit against Travelers Indemnity Co

FAPS Inc. has filed a lawsuit against Travelers Indemnity Co. claiming that the company inadequately denied the importer's claims relating to damage from Hurricane Sandy. FAPS reportedly stated that the lawsuit relates to property damage to the company's terminal from the calamity. FAPS also claims in the lawsuit that Travelers breached contract and the implied covenant of good faith and fair dealing.

City of Las Cruces Files a Lawsuit Against Travelers Indemnity Co. and Fidelity and Guarantee Co

A New Mexico city filed a lawsuit against two insurance companies Travelers Indemnity Co. and Fidelity and Guarantee Co. that allegedly failed to pay for remediation after an environmental pollution investigation. The complaint alleges the city of Las Cruces and Dona Ana County were insured by The Travelers Indemnity Co. and Fidelity and Guarantee Co. An investigation by the U.S. Environmental Protection Agency revealed that both the city and county were responsible for pollution damages that affected the city's water supply. The city and county allege that they have expended millions of dollars in the remediation of those environmental hazards. The lawsuit alleges that the insurance companies failed in their obligations to pay for the remediation efforts. The lawsuit seeks damages for breach of contract.

Travelers Indemnity to Cut Jobs at Office in Syracuse, NY

Travelers Cos. Inc. will implement the last part of its planned layoffs at the Syracuse, N.Y., office in September. Travelers Indemnity Co.'s personal insurance business center unit in Syracuse will let go of 69 employees on Sept. 15, 2014. In order to close out the unit's operations, 11 remaining employees at the personal insurance business center in Syracuse will reportedly stay employed until April 2015. The layoffs reportedly impact about 159 jobs in the Syracuse office and are part of the company's previously disclosed restructuring plan due to difficulties in attracting new personal auto customers.

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