Shane Boyd News
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Chubb Corp., which mocked rivals for receiving federal aid during the 2007-2009 financial crisis, is leading the largest publicly traded U.S. insurance firms by producing the highest risk-adjusted return.
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Fannie Mae sued insurance companies, including Great American Financial Resources Inc. and The Travelers Cos., claiming they are responsible for losses on the $131 million Fannie Mae paid for fraudulent mortgage loans.
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Jay S. Fishman , chief executive officer of Travelers Cos. , bought a Park Avenue apartment for $4.2 million after the price was reduced by almost a quarter from its original listing, Manhattan property records show.
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Travelers Cos., the insurer in the Dow Jones Industrial Average, cut about 1,400 jobs, or 4.4 percent of the workforce, in 2011 as the company had its least profitable year since 2004.
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Travelers Cos. , the insurer added to the Dow Jones Industrial Average last year, may incur $183 million in costs from Hurricane Earl, Macquarie Group Ltd. said today.
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Dollar Thrifty Automotive Group Inc. investors asked a judge to stop a shareholder vote on Hertz Global Holdings Inc. ’s $1.1 billion acquisition of the U.S.’s fourth-largest rental car company.
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The Federal Deposit Insurance Corp. and insurer Chubb Corp. are clashing over a Georgia bank failure as the U.S. seeks to recover costs of shutting the lender.
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A Travelers Cos. unit was awarded $262.3 million plus interest against a group of insurance companies including a unit of Munich Re AG , the world’s biggest insurer, in a reinsurance dispute tied to asbestos-injury claims from the 1970s.
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Betting against banking analyst Meredith Whitney and her prediction of a wave of municipal defaults paid off for Travelers Cos. and Chubb Corp.
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Travelers Cos. , the insurer in the Dow Jones Industrial Average , was told to halt an ad the Texas attorney general said misleads consumers about the risk of losing their homes if they have inadequate auto coverage.
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