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.
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.
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.
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.
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.