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...Higher investment income on fixed-income returns also contributed to the rise in group profits, the company said on Friday....
...Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers....
...Travellers, meanwhile, was an insurance company that also had an investment banking arm. SMITH BARNEY: Smith Barney. They make money the old fashioned way....
...It also said the audit would use up too much company time given Travelers already had a “thoughtful and comprehensive” approach to diversity and inclusion....
...At the insurance company Travelers, a proposal asking the company to set a deadline to stop underwriting new fossil fuel projects won 8.8 per cent support in May, down from 13 per cent support last year....
...By contrast, well-established and large US insurers such as Travelers and Chubb traded at between one and two times sales....
...A resolution at Travelers, an insurance provider, asking for a report on measuring and reducing greenhouse gas emissions won 55 per cent support....
...The vision for the 200-year-old bank that Fraser will lay out at the company’s March 2 investor day is more modest than the global financial supermarket imagined by Sandy Weill, who merged his Travelers...
...One that may not follow in divesting from coal is Berkshire Hathaway, which owns a number of insurance companies....
...Travelers was itself a collection of merged businesses, including its eponymous insurance arm, the Smith Barney brokerage and the Salomon Brothers investment bank, and Citigroup went on buy more companies...
...But companies, which take out insurance to pay the claims, can contest them....
...US executives are already complaining of “frivolous” suits hurting the battered economy; Alan Schnitzer, chief executive of Travelers insurance, said last month that America was already facing “the highest...
...Travelers, the $34bn US insurer, warned of an “increasingly challenging tort environment” as its profits fell sharply....
...That could pose a bigger threat to the companies that specialise in selling personal vehicle insurance today....
...Large organisations, including the insurance group Travelers, have voluntarily published SASB disclosures, but smaller firms, such as Sanderson Farms, have not....
...This brought together investment banking (Salomon Brothers, which Travelers had bought a year earlier and where Mr Corbat had his start), wealth management (Smith Barney) and insurance (Travelers)....
...Weakened by the criminal proceedings, the firm was acquired by insurance group Travelers....
...Two of the biggest US insurance companies have racked up hundreds of millions of dollars in losses from recent storms as extreme weather across the country continues its costly run....
...Wednesday’s regulatory filing reveals that Berkshire also scooped up shares in tech giant Oracle and insurance company Travelers during the third quarter, while it sold out of US big box retailer Walmart...
...The smoke is sure to result in many insurance claims for evacuation, business interruption, and contents damage.” The share prices of insurance companies fell on Monday....
...“People rely on communities to understand how other companies in their area buy cover.” The rush into commercial insurance has its dangers though....
...An IT overhaul at the UK business also went wrong, forcing the company to ditch its supplier. And US insurer Travelers took legal action against Old Mutual over legacy assets....
...Shares in insurance companies Allstate, Travelers, Chubb and AIG all rose on Thursday. All had fallen earlier in the week as fears about Hurricane Florence grew....
...Last year, for example, US-based Travelers bought Simply Business, which sells insurance to small businesses, for £400m, more than three times the price that Simply Business was sold for a year earlier....
...The collapse of Monarch Airlines knocked earnings at Saga, the travel and insurance company for the over-50s, and the company warned that its efforts to attract new customers will also cause profits to fall...
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