Travelers Insurance: Who Took It and What Does It Offer?

In the 1990s, Travelers went through a series of mergers and acquisitions. Primerica purchased it in December 1993, but the company kept its name. Alexander Wilkin, Secretary of the Minnesota Territory, and 16 other marine and fire insurance companies from St. Paul recognized the need for a local insurance company to deal with the growing fire threat.

The company paid its first claim in 1855 after a fire spread from a bakery to an adjoining row of offices. Primerica was renamed Travelers Group and in 1996 bought the property and accident insurance businesses of Aetna Life and Casualty Company. The new financial services conglomerate passed into the hands of Weill and adopted the red umbrella logo, even after splitting off the property and casualty insurance business in 2002 to form a new publicly traded company called Travelers Property Casualty Corp. Len Mariani, senior vice president of domestic personal insurance markets at Travelers, said: “InsuraMatch combines a sophisticated technology platform with extensive relationships with airlines to create personalized online insurance shopping experiences for customers.

It's practically indispensable in international travel and, for travelers of all ages and occupations, it's a great safety net to provide peace of mind when traveling.”A trip insurance policy can dramatically reduce your risks if you're looking for travel cancellation coverage that reimburses you for the costs of hotels, flights and other prepaid, non-refundable travel expenses or if you need medical coverage that protects you from high costs of treatment and hospitalization abroad. In addition to its cheaper than average rates, Travelers car insurance also has many additional options for drivers to customize their policy. Travelers Insurance is an ideal choice for travelers who want to protect themselves from unexpected events while traveling. It offers comprehensive coverage for travelers of all ages and occupations, including medical coverage, travel cancellation coverage, and customizable car insurance policies.