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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.
Travelers' premium increases, he said, are completely legal under Proposition 103, the 1988 ballot measure that regulated property and casualty insurance pricing.
Three of California's largest home insurance companies declined nearly half of their claims in 2023, well above the national average, according to a ratings agency report reviewed by The Times.
Roughly 4,700 claims have been filed as of this week, and the plan has already paid out more than $914 million. California's insurer for people without private coverage needs $1 billion more for ...
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]
The bonds obliged Travelers to settle debts PG&E couldn't repay. When PG&E filed a voluntary Chapter 11 bankruptcy petition on April 6, 2001 as a result of the California electricity crisis, Travelers hired attorneys to protect its interests. California law mandated that PG&E cover all attorney fees incurred by Travelers during state court ...
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 ...
Alan D. Schnitzer (born in1965) is an American executive who is the chairman and chief executive officer at The Travelers Companies, Inc., a provider of property casualty insurance for auto, home and business. [1] [2]