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The main predecessor companies of The Travelers Companies, Inc. are The St. Paul Companies, Inc. and Travelers Property Casualty Corporation. Saint Paul Fire and Marine Insurance Co. was founded March 5, 1853, in Saint Paul, Minnesota, to serve local customers in lieu of waiting for claim payments from insurance companies on the east coast.
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance ...
Travelers' premium increases, he said, are completely legal under Proposition 103, the 1988 ballot measure that regulated property and casualty insurance pricing.
"Premiums are increasing in fire-prone areas because insurance companies are dealing with more claims and bigger payouts," says Nick Ramirez, a California-based Goosehead insurance agent. "It’s ...
1994 American Family rolled out its catastrophe trailer. The company ranked as the 11th-largest property/casualty insurer. 1996 American Family first appeared on the Fortune 500 list at number 403. 1997 American Family became the 10th-largest property/casualty insurer in the nation. Assets surpassed $8 billion.
The suit was filed under California's Private Attorney General Act by four senior commercial claims representatives who claim that Farmers improperly classified them as exempt from overtime pay when they were often required greater than the standard 8 hours a day and thus sometimes more than 40 hours per week. [37]
Bankrate’s premium data from Quadrant Information Services indicates that the annual average cost of home insurance in California is $1,217 for $250,000 in dwelling coverage, which is about 28 ...
In the year 2018, Erie Insurance Group was named to Ward's 50 top-performing property-casualty insurers. Erie Insurance has made the Ward's 50 list since 1991. [19] Ward's 50 ranks property-casualty insurance companies based on their financial safety, consistency, and performance over a five-year period.