Founded in 1864, Travelers Insurance was the first company in America to insure against accidents. Now it is one of the largest insurance companies in the United States. Since 2004, Travelers Insurance has been a part of the St. Paul Travelers group, creating a new conglomerate group with nearly three centuries of combined experience and a combined assets pool of $113.2 billion. Travelers Insurance is the second largest writer of auto and homeowners insurances within the group.
Travelers has many firsts to its credit. In 1897, it issued the first car insurance policy. It was the first company to open a school to train insurance agents, provided the first combination car insurance policy, installed the first computer, and, among other such advances, established its own meteorological lab. Travelers Insurance was also the first company to set up a hot line for claims.
Travelers Insurance Property Casualty is rated A+ by A.M. Best and Company.
Travelers Property Casualty Corp. has a large range of property and casualty insurance offers for its customers. Travelers provides products and services for both individuals and organizations, businesses, associations, and government units. The company has two main business divisions, the commercial and the personal lines. The personal lines sell personal automobile and homeowners’ insurances to individuals.
Travelers also insures boats and personal articles. It has an umbrella liability protection and offers multiple insurances under a single policy. Travelers Insurance offers a number of choices regarding personal insurance to meet the exact need of the customer. The company is innovative in what it offers. For instance, Travelers has a scheme which gives identity theft protection to its policyholders.
The commercial lines at Travelers look after policies concerning workers’ compensations, commercially used automobile or property, fidelity and surety, general liability, and other miscellaneous insurance coverage.
Market Viability and Finance
Travelers is the number one provider of multiple lines of personal insurance products which they market through independent agents. In fact, at present, Travelers Insurance has more than 5.8 million policies. Travelers is rated consistently as one of the better financial organizations by most insurance company watchers. Travelers’ net written yearly premium is around $5 billion, which goes to show their strong economy and commitment to affordable car insurance and other insurances.
Quick Claim Service
Travelers Insurance has a network of more than 5,000 auto repair shops across the country so that, wherever the policyholder gets stranded, the insurance company can take over the headache of putting things right. Travelers has always been an industry leader in adapting itself quickly to technological advancements, which makes its tech support state of the art.
In emergency situations, Travelers Insurance has a catastrophe management team that can boast of four mobile claims headquarters.
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