Company Overview of Travelers Property Casualty Corp.
Travelers Property Casualty Corp. offers insurance products and services for the commercial markets, including workers' compensation, integrated disability, property, liability, specialty and fidelity, inland/ocean marine, boiler, machinery, and surety bonds. The company also provides homeowners and auto insurance. The company was formerly known as The Travelers Insurance Group, Inc. and changed its name to Travelers Property Casualty Corp. in February 2002. The company was founded in 1979 and is based in Hartford, Connecticut. Travelers Property Casualty Corp. operates as a subsidiary of The Travelers Companies, Inc.
One Tower Square
Hartford, CT 06183-0001
Founded in 1979
Key Executives for Travelers Property Casualty Corp.
Travelers Property Casualty Corp. does not have any Key Executives recorded.
Travelers Property Casualty Corp. Key Developments
CGL Insurer Must Defend Food Truck Lessor against Products Liability Claims
Feb 28 14
The California Court of Appeal held a food truck lessor insured's commercial general liability (CGL) insurer, rather than an auto insurer, had a duty to defend and indemnify the insured against products liability claims. Royal Catering Co. leased one of its food trucks to Esmeragdo Gomez, who, along with his wife Irais Gomez, operated the truck. The Gomezes' food truck had only two seats and two seatbelts. The truck was not equipped to transport persons other than a driver and a cook. One day, while Esmeragdo was driving and Irais was cooking, a traffic collision resulted in Irais being burned by hot oil that splashed out of the truck's deep fryer. The Gomezes sued Royal, alleging products liability claims. American States Insurance Co. provided auto insurance for Royal's trucks, and Travelers Property Casualty Co. of America provided Royal with CGL insurance. American States defended Royal under the auto policy, while Travelers declined coverage. American States paid $500,000 to settle all claims under the auto policy. Thereafter, American States sued Travelers, and Travelers cross-complained against American States; both insurers sought to establish Royal's coverage under the other company's policies. American States moved for summary judgment, arguing Travelers had a duty to defend and indemnify Royal in the Gomez action because the Gomezes' food truck was 'mobile equipment' and, thus, not subject to the auto exclusion in the Travelers' CGL policy. Travelers moved for summary adjudication, arguing it did not have a duty to defend or indemnify Royal in the Gomez action under the CGL policy because the auto exclusion in its policy precluded coverage. The trial court granted Travelers' motion for summary adjudication and denied American States' motion for summary judgment.
Travelers Property Casualty Corp. Sues KFx Medical Corporation to Avoid Coverage in Patent Case
Mar 11 13
Travelers Property Casualty Corp. has filed a lawsuit alleging it does not owe a defense to its insured in an underlying patent infringement case. Travelers issued a commercial policy to KFx Medical Corporation in 2011. KFx Medical Corporation subsequently filed an underlying lawsuit against a competitor for infringement of patents covering methods for attaching soft tissue to bone, a process used to repair torn rotator cuffs. The underlying defendant filed a counterclaim alleging KFx Medical Corporation's patents are invalid and unenforceable, and KFx Medical Corporation tendered the defense of the counterclaim to Travelers. The insurer alleges that it does not owe coverage for the underlying case because there is an exclusion for intellectual property. The policy also excludes advertising injuries, which Travelers alleges is involved in the underlying case.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|