Company Overview of The Travelers Indemnity Company
The Travelers Indemnity Company operates as a property and casualty insurance company that provides a range of personal and business insurance products. The company’s products for individuals include auto, homeowner’s, renter’s, condo, and boat and yacht insurance products; other products, including umbrella, valuable items, wedding, identity fraud protection, and flood policies; and affinity auto and home programs. Its solutions for businesses comprise property, commercial general liability, worker’s compensation, and specialized risk insurance policies, as well as surety bonds for small, mid-sized, and large businesses. The company serves businesses in educational, institutional, manufactu...
One Tower Square, 2MS
Hartford, CT 06183
Founded in 1864
Key Executives for The Travelers Indemnity Company
Vice Chairman and Head of Financial, Professional & International Insurance Business Segment
Compensation as of Fiscal Year 2016.
The Travelers Indemnity Company Key Developments
The National Fair Housing Alliance Files Federal Lawsuit Against Travelers Indemnity Company for Failing to Provide Habitational Insurance to Apartment Owners
May 17 16
The National Fair Housing Alliance (NFHA) announced the filing of a federal lawsuit alleging race, sex, and source of income discrimination against Travelers Indemnity Company (Travelers) for failing to provide habitational insurance to apartment owners who rent to tenants who participate in the Housing Choice Voucher (HCV) program. This lawsuit is the result of an investigation by NFHA that uncovered this discriminatory business practice. The denial of insurance coverage because tenants subsidize their rental payments with Housing Choice Vouchers is a violation of the Fair Housing Act and the District of Columbia Human Rights Act because it has a disproportionate adverse impact on African Americans and female-headed households in Washington, D.C. Travelers' business practices were discovered by NFHA's investigators, who contacted five independent insurance agencies that market and underwrite Travelers insurance policies in the D.C. area. The investigators sought insurance coverage for multi-family apartment buildings located in Southeast Washington, D.C. When the investigators mentioned that the tenants participate in the Housing Choice Voucher program, often referred to as 'Section 8,' every investigator was told that Travelers does not provide habitational insurance to apartment owners who rent to tenants using Section 8. The investigators were told to seek coverage from other insurance companies. Evidence gathered over ten months documented this ongoing pattern and practice of discrimination on the part of Travelers. Participants in the Housing Choice Voucher program use vouchers to find their own housing in the private rental market, including single family homes, townhouses and apartments. Participants are free to choose any housing that meets the program's requirements. A housing subsidy is paid to the landlord directly by the local housing authority on behalf of the participant. The participant then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program. The HCV program gives families, seniors, people with disabilities and individuals the opportunity to find decent, safe and sanitary housing. On average, D.C. residents using HCV pay approximately 30% of their household income for rent, and the D.C. Housing Authority pays the rest of the rent directly to the landlord. Travelers' alleged practices and underwriting guidelines have a discriminatory impact on the District's most vulnerable households. Travelers' policies disproportionately harm African Americans and women and deter apartment owners who want to help house low-income families in Washington, D.C.
FAPS Inc. Files Lawsuit against Travelers Indemnity Co
May 8 15
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
Nov 3 14
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.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|