Travelers

The carrier is speeding up commission payments to provide help amid the coronavirus crisis.

AIG gains 19 percent, outstripping a 12 percent increase on the S&P 500 insurance industry index.

New York State is reviewing two bills that would ban US municipalities from making ransomware payments.

On Thursday morning, Travelers reported EPS of $3.32 versus $2.13 YoY and a headline beat versus analyst consensus of $3.29, in part driven by low catastrophe losses (thanks to an aggregate reinsurance recovery).

The tort-challenged carrier's shares fall sharply despite favourable reserve development.

The move by the insurer accompanies a decline in marine capacity at the marketplace.

Travelers will use AI to extract risk information from documents submitted by brokers

Rate rises continue to accelerate, with business insurance rate growth up from 3.6% to 4.3%.

Other members of the research cluster include Google and AI firm Affectiva.

The current litigation environment is worse than Travelers expected, the executive said at a conference.

Rowland and Yin will take joint responsibility for the carrier’s investment strategy, replacing William Heyman.

Commercial auto pain continues, but loss trends also spreading to GL