News: Travelers Companies Inc (TRV)

TRV on New York Consolidated

95.58USD
22 Oct 2014
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$1.34 (+1.42%)
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Tue, Oct 21 2014

Higher investment income powers Travelers profit beat

- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses.

Insurer Travelers profit up 6 percent as investment income rises

Oct 21 - Property and casualty insurer Travelers Cos Inc reported a 6 percent rise in quarterly net profit, helped by higher net investment income and a fall in disaster-related losses.

UPDATE 2-Travelers ordered to pay over $500 mln in asbestos case

NEW YORK, July 22 - A federal appeals court ordered Travelers Cos Inc to pay more than $500 million to thousands of asbestos victims in a case stemming from the insurer's coverage of Johns-Manville Corp, an insulation maker that spent six years in bankruptcy during the 1980s.

Travelers' profit drop reflects slowdown in rate increase

- Property and casualty insurer Travelers Cos Inc reported a steeper-than-expected fall in quarterly operating profit, hurt by bigger catastrophe losses and a slowing pace of premium rate increases.

UPDATE 2-Travelers' profit drop reflects slowdown in rate increase

* Shares fall as much as 5 pct (Adds CEO quote, analysts' comments, conference call details, court ruling)

Travelers ordered to pay over $500 mln in asbestos case

NEW YORK, July 22 - A federal appeals court on Tuesday said Travelers Cos should pay more than $500 million to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp, reversing a lower court ruling.

BRIEF-U.S. appeals court rules against Travelers in $500 mln asbestos case

July 22 - * U.S. appeals court reinstates order directing Travelers cos to pay

Travelers' profit drops as catastrophe losses rise

July 22 - Property and casualty insurer Travelers Cos Inc reported a 26 percent drop in quarterly net profit as catastrophe losses rose.

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