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Archive for the ‘Insurance Companies’ Category

Travelers Commercial Insurance

Monday, July 13th, 2009

There are a number of Commercial Insurance Companies a business can choose from.  Travelers Insurance ranks as the third largest insurance underwriter.  Travelers Commercial Insurance offers the primary commercial Insurance products such as general liability, umbrella excess liability, property, auto and workers compensation.  Travelers services the following three tiers in their Business Markets:

Travlers Small Business Insurance

  • Building
  • Business
  • Condominiums
  • Manufacturing
  • Offices
  • Restaurants
  • Stores
  • Technology
  • Travelers Midsized Business

  • Educational Institutions
  • Franchised Auto & Truck Dealers
  • Hotels
  • Manufacturers
  • Retailers
  • Wholesalers & Distributors
  • Travelers Large Businesses

  • Manufacturers
  • Retail Businesses
  • Service Industries
  • Wholesales & Distributors
  • Travelers Corporate Website - www.travelers.com

    Travelers Stock Quote - TRV

    Click here for a Travelers Commercial Insurance Quote.

    AIG Insurance Lost $4.35 Billion in Q1

    Friday, May 15th, 2009

    On May 7, 2009 American Insurance Group reported a net loss of $4.35 Billion.  The loss was less than the forecasted $5 Billion and a serious amount lower than the $60 Billion they wrote off in the fourth quarter of 2008.  American Insurance Group said the loss was a result of restructuring and accounting charges related to taxes.  They must have some high paid tax people working for them.  At least they did not buy a $60,000 toilet like the former leader of Bank of America. 

    Get a free quote for Commercial Insurance by clicking here.  Best of luck and make sure you use protection!

    AIG Commercial Insurance

    Tuesday, April 28th, 2009

    As of 2007, AIG was the largest commercial insurance underwriter with over 24 million direct premiums written.  On October 30, 2008 the President and CEO of AIG Commercial, John Doyle, said that AIG Commercial was launching some new Products.  He stated that now more than ever clients need us to react to their most pressing risk management issues.  Some of the products and services they released include the following:

    • Lex P-3 Solutions  - Tailored risk management products that address the risks that come with public and private partnerships.   
    • AIG FlexAssure - Offers an expense based health benefit plan generating a lower cost alternative with comprehensive plan provisions.
    • Pandemic Rx  - An endorsement that reimburses businesses for income loss sustained and extra expenses incurred by acute care medical facilities during an influenza pandemic event.
    • Truck Broker Liability Insurance - This liability policy addresses liability risks of truck brokers who bring together shippers needing to transport goods and authorized motor carriers.

    AIG Commercial Insurance should be in a good place with their Pandemic RX policy, which should be available for swine flu insurance disasters.  More to come……..

    Top 10 Commercial Insurance Companies

    Tuesday, February 17th, 2009

    The top 10 commercial insurance underwriters from a premium basis for 2007 are as follows:

    ($000)

      Insurance Company Direct Premiums Written
    1 AIG 24,785,951
    2 Zurich Insurance Group 14,646,359
    3 Travelers Group 14,411,799
    4 Liberty Mutual Insurance Group 12,694,617
    5 CNA Insurance Group 7,498,600
    6 Hartford Fire & Casualty Group 7,329,624
    7 ACE Ltd. Group 7,256,408
    8 Chubb & Son Group 6,712,247
    9 Nationwide Corp. Group 5,491,012
    10 State Farm Group 4,627,420

    The top 10 Commercial Insurance Companies by revenue in 2007 are as follows:

    ($millions)

      Insurance Company Brokerage Revenue
    1 Marsh & McLennan Cos. Inc. 5,527.70
    2 Aon Corp. (2) 2,696.50
    3 Arthur J. Gallagher & Co. 1,282.40
    4 Wells Fargo Insurance Services Inc. 1,282.10
    5 Willis Group Holdings Ltd. (3) 1,059.10
    6 BB&T Insurance Services Inc. 877.4
    7 Brown & Brown Inc. 757.6
    8 Hilb Rogal & Hobbs Co. (3) 725.4
    9 USI Holdings Corp. 617.1
    10 Lockton Cos. L.L.C. 502.5