Travelers Companies Inc (TRV)
28 Aug 2014
|Market Cap (Mil.):||$32,106.69|
|Shares Outstanding (Mil.):||339.00|
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.
- 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.
* Shares fall as much as 5 pct (Adds CEO quote, analysts' comments, conference call details, court ruling)
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.
July 22 - * U.S. appeals court reinstates order directing Travelers cos to pay
July 22 - Property and casualty insurer Travelers Cos Inc reported a 26 percent drop in quarterly net profit as catastrophe losses rose.
* Futures up: Dow 6 pts, S&P 0.7 pt, Nasdaq 2.25 pts (Adds McDonald's results)
- 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.
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.
(Corrects paragraph 4 to show that net investment income rose 10 percent, not 66 percent)
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