The Travelers Companies, Inc.’s favorable prior year reserve development in the current quarter included a US$114 million after-tax (US$175 million pre-tax) increase to asbestos reserves, compared to a US$91 million after-tax (US$140 million pre-tax) increase in the prior year quarter,…
The Travelers Companies, Inc.’s net reserves for asbestos-related claims amounted to US$2.533 billion at and for the nine months ended Sept. 30, 2011, compared with US$2.658 billion at and for the nine months ended Sept. 30, 2010, according to the…
The Travelers Companies, Inc. and its subsidiaries continue to be subject to insurance-related asbestos litigation.
In October 2001 and April 2002, two purported class action suits (Wise v. Travelers and Meninger v. Travelers) were filed against Travelers Property Casualty Corp. (TPC)…
Certain subsidiaries of The Travelers Companies, Inc. continue to be named in asbestos-related direct action litigation.
In October 2001 and April 2002, two purported class action suits (Wise v. Travelers and Meninger v. Travelers) were filed against Travelers Property Casualty Corp.…
The Travelers Companies, Inc.’s net asbestos-related reserves amounted to US$2.438 billion as of June 30, 2011, compared with US$2.593 billion as of June 30, 2010, according to a Company press release dated July 21, 2011.
Headquartered in New York, The Travelers…
The U.S. Court of Appeals, Fifth Circuit, affirmed the ruling of the U.S. District Court for the Southern District of Texas, which granted summary judgment in favor of the Travelers Companies.
The case is styled Ford Bacon & Davis, L.L.C., Plaintiff-Appellant…
The Travelers Companies, Inc.’s net asbestos reserves amounted to US$2.502 billion during the quarter ended March 31, 2011, compared with US$2.684 billion during the quarter ended March 31, 2010, according to a Company report, on Form 8-K, filed with the…
The Travelers Companies, Inc. continues to be subject to aggressive asbestos-related litigation, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 21, 2011.
In October 2001 and April 2002, two purported class action suits (Wise…
United States Fidelity & Guaranty Co., a subsidiary of Travelers Cos., was awarded US$262.3 million plus interest against a group of insurance companies including a unit of Munich Re AG, in a reinsurance dispute tied to asbestos-injury claims from the…
The Travelers Companies, Inc.’s net asbestos-related reserves were US$2.593 billion as of June 30, 2010, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 22, 2010.
During the first quarter of 2010, the…