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February 08, 2016 12:22 AM ET


Company Overview of The Travelers Property Casualty Company of America

Company Overview

The Travelers Property Casualty Company of America offers property and casualty insurance products and services. It was formerly known as The Travelers Indemnity Company of Illinois, Inc. and changed its name to The Travelers Property Casualty Company of America in December 2003. The company was incorporated in 1971 and is based in Hartford, Connecticut. The Travelers Property Casualty Company of America operates as a subsidiary of The Phoenix Insurance Company.

One Tower Square

Hartford, CT 06183

United States

Founded in 1971





Key Executives for The Travelers Property Casualty Company of America

Age: 61
Age: 57
Compensation as of Fiscal Year 2015.

The Travelers Property Casualty Company of America Key Developments

Utah Court Allows Policyholder's Breach of Good Faith Claim Against Travelers Property Casualty Co. of America

A U.S. District Court in Utah on Jan. 12 allowed a policyholder to pursue its breach of good faith claim against Travelers Cos. Inc. unit Travelers Property Casualty Co. of America. Federal Recovery Services Inc., the policyholder, alleges that Travelers Property Casualty failed to meet industry standards when it denied defense coverage under a cyber insurance policy. The policy contained a technology errors and omissions liability form stating that coverage would be provided for an 'errors and omissions wrongful act'. When Federal Recovery faced a breach of contract lawsuit in March 2014, Travelers provided a defense but reserved its rights. In May 2015, the District Court in Salt Lake City ruled that Travelers Property Casualty was not liable to defend the lawsuit because the alleged breach was not due to an error, omission or negligence. In the countersuit, Federal Recovery charged Travelers Property Casualty of breach of implied covenant of good faith and fair dealing, breach of contract, and breach of fiduciary duty. The latest ruling allows the breach of good faith claim but dismisses Federal Recovery's breach of contract and breach of fiduciary claims.

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