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Through economies of scale between the two companies, and a difficult business environment, they downsized the company substantially over the coming years by selling certain business units to focus on more profitable business units. [10] [11] The Travelers Insurance Company was founded in Hartford by James G. Batterson, a stone contractor [12 ...
Primerica and its affiliates continued to operate as subsidiaries of Citigroup, although the Travelers insurance business was spun off in 2002. [31] Citigroup attempted to sell Primerica in 2008, [32] having received several bids from life insurance companies and private equity firms interested in buying.
Shares of The Travelers Companies (NYSE: TRV) had rallied by 7.6% on Thursday as of 2:09 p.m. ET, after the insurance giant reported third-quarter results before the opening bell that blew away ...
The company spun off its Travelers Property and Casualty insurance underwriting business in 2002. [41] The spin-off was prompted by the insurance unit's drag on Citigroup stock price because Travelers earnings were more seasonal and vulnerable to large disasters and events such as the September 11 attacks. It was also difficult to sell ...
Travelers Insurance, one of California's largest home and auto insurers, is set to increase its rates by an average of 15%, the latest in a string of rate increases and policy limitations that ...
The most customer-friendly companies should already offer instant transcripts and recordings of all customer service phone calls. That way, both sides know what was said in a conversation.
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At Travelers, she is a member of the Management and Operating Committees and the Travelers Foundation Board. She leads the company's marketing, research, branding, corporate communications, customer experience and creative services functions and works closely with investor relations and government relations. [ 2 ]