When you're looking for the right insurer and the best value for your money, you want to find one that meets all your needs, provides excellent service, keeps your finances secure, and is there when you need it. Travelers Insurance can offer all that and more. It has been in business for over 165 years and provides coverage for a wide range of insurance needs. As the second-largest property and casualty insurer in the United States, Travelers was one of the first companies to insure travelers who used modes of transportation that were considered very risky at the time.
The company's iconic logo was first introduced in 1870 and has been kept throughout the changes and mergers. Travelers Insurance offers a mobile app, which can be found on the App Store for iOS. Policyholders can use the app to make payments, check claim status, file a claim, get documents, and review plan options. Through the app, you can also request roadside assistance.
Travelers' financial strength ratings show that it is a stable and reliable company that will be around for many years to come. Best gives Travelers an “A” rating, Fitch gives it an “AA” rating, Moody's gives it an “Aa2” rating, and Standard & Poor's gives it an “AA” rating. The Better Business Bureau (BBB) also gives Travelers an “A” rating. Over a three-year period, there were 418 closed complaints with the BBB, most of which were related to products, services, and billing. Travelers provides commercial and personal property and casualty insurance products and services to businesses, government entities, associations, and individuals.
In 1959, Travelers began basing insurance rates on a driver's safety record after losing money on their car liability lines. Charles Brunelle was the largest advertising agency in Hartford in the late 1960s; Hartford was known as the insurance capital of the world due to its numerous insurance companies. On April 5th 1864, Travelers issued its first regular insurance policy; however, it informally entered into its first insurance contract a month earlier. In 1982, Budd replaced Beach as president at a time when the insurance industry was struggling due to unprecedented health care costs and strong competition among insurers. In 2002, Citigroup split Travelers Property and Casualty into a subsidiary company but kept the red umbrella logo.
Zippia takes an in-depth look at The Travelers Companies' details such as salaries, political affiliations, employee data, etc., to inform job applicants about The Travelers Companies. Two years later St Paul Investment Management Company was created as an investment management firm; St Paul Life Insurance Company was created in 1973 with the goal of marketing life insurance through independent agents representing St Paul Fire and Marine. As is customary with most insurers in the United States, Travelers never dissolved the various companies it acquired but simply converted them into wholly-owned subsidiaries and trained its employees to act on behalf of those subsidiaries. In 2003 Travelers purchased renewal rights for commercial and personal insurance companies Royal & SunAlliance from Batterson, a stone contractor who first learned about passenger accident insurance after World War I. In May 1919 Travelers introduced a comprehensive aviation insurance program that included life policies, civil liability, workers' compensation and passenger accidents.