News: Travelers Companies Inc (TRV)

TRV on New York Consolidated

94.80USD
22 Sep 2014
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Tue, Jul 22 2014

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.

US STOCKS-Futures point to flat open despite some strong earnings

* Futures up: Dow 6 pts, S&P 0.7 pt, Nasdaq 2.25 pts (Adds McDonald's results)

Travelers' profit rises 17 percent on higher investment income

- U.S. property and casualty insurer Travelers Cos Inc reported a 17 percent rise in first-quarter profit, helped by higher underwriting gains and an increase in net investment income.

UPDATE 1-Travelers' profit rises 17 pct on higher investment income

April 22 - U.S. property and casualty insurer Travelers Cos Inc reported a 17 percent rise in first-quarter profit, helped by higher underwriting gains and an increase in net investment income.

CORRECTED-Insurer Travelers' profit rises 17 pct

(Corrects paragraph 4 to show that net investment income rose 10 percent, not 66 percent)

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