This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News & Research Service subscription required - July 20, 2023 04:25 PM (EDT)

Travelers CEO Says Company Embraces AI, Plans to Spend $1.5 Billion on Tech

Travelers Cos. Inc. plans to spend more than $1.5 billion on technology this year, Chairman and Chief Executive Officer Alan Schnitzer said. . . .

-- This content requires a subscription --

Already a subscriber?

Log in Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

BestDay
Best's News
Best's Review
Best's Research
Best's Special Reports & Commentaries
Best's Rankings
and more...

Commercial Lines Earnings Property And Casualty Insurers

Reprints & Redistribution

Latest News

PEOPLE IN INSURANCE
Howden Tiger Appoints Chief Executive Officer
Sep 27, 2023 04:06 PM (EDT)

LONG-TERM CARE INSURANCE
Judge Blocks New Long-Term Care Rates in North Dakota
Sep 27, 2023 04:01 PM (EDT)

LOSSES
State Farm: Central Texas Hailstorm Claims Reach 8,700
Sep 27, 2023 03:56 PM (EDT)

FRAUD
Trump Organization Liable for Defrauding Insurers in NYC Civil Case
Sep 27, 2023 02:56 PM (EDT)

STATE REGULATION
Colorado Adopts Regulation Aiming to Curb Racial Discrimination in Life Insurer Use of Outside Data
Sep 27, 2023 02:45 PM (EDT)

More from Best’s News

Trending

1

PRESS RELEASE
Best’s Review: Top 50 Global Reinsurers Largest Hedge Fund Investors and More
Sep 26, 2023 09:52 AM (EDT)

2

FLORIDA
About 100,000 Florida Citizens Policyholders Getting Late Depopulation Notices
Sep 25, 2023 03:49 PM (EDT)

3

MERGERS AND ACQUISITIONS
Amynta Agrees to Acquire Individual Risk Workers’ Comp Renewal Rights From James River
Sep 25, 2023 03:16 PM (EDT)

4

SPECIAL REPORT
Best’s Special Report: First-Half 2023 Net Income in U.S. Life/Annuity Insurance Industry Declines by More Than 39%
Sep 25, 2023 08:18 AM (EDT)

5

EARNINGS
Centene CEO: Company Will Lay Off 3,000 Employees, Not Fill 1,500 Vacant Jobs
Feb 09, 2021 12:46 PM (EST)

1

CYBER LIABILITY
Panel: Advancing Tech and AI Make a Great, but Potentially Problematic Combo
Sep 22, 2023 05:27 PM (EDT)

2

WHOLESALERS
Everest NA President: New Wholesale and Programs Division Will Speed Product Innovation
Sep 22, 2023 05:20 PM (EDT)

3

PROPERTY AND CASUALTY INSURANCE
Trade Groups Backing ‘Largest Insurance Reform’ in California Since Prop 103
Sep 22, 2023 02:56 PM (EDT)

4

FEDERAL INSURANCE OFFICE
NAMIC Hails Bill to Rein in Federal Insurance Office
Sep 19, 2023 03:02 PM (EDT)

5

EARNINGS
Centene CEO: Company Will Lay Off 3,000 Employees, Not Fill 1,500 Vacant Jobs
Feb 09, 2021 12:46 PM (EST)

1

PEOPLE IN INSURANCE
Sompo Japan President Resigns, Apologizes for Significantly Undermining Consumer Trust
Sep 08, 2023 05:12 PM (EDT)

2

INSOLVENCY
Battered by Cats, Arkansas Places United Home Insurance in Receivership
Sep 08, 2023 04:02 PM (EDT)

3

EMPLOYEE TERMINATION
Farmers CEO: Laying Off 11% of Workforce ‘Crucial’ Move for Future Sustained Profitability
Aug 28, 2023 03:24 PM (EDT)

4

PRESS RELEASE
Best’s Market Segment Report: Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk
Jun 02, 2021 09:27 AM (EDT)

5

EARNINGS
Centene CEO: Company Will Lay Off 3,000 Employees, Not Fill 1,500 Vacant Jobs
Feb 09, 2021 12:46 PM (EST)

1

EMPLOYEE TERMINATION
Farmers CEO: Laying Off 11% of Workforce ‘Crucial’ Move for Future Sustained Profitability
Aug 28, 2023 03:24 PM (EDT)

2

PROPERTY AND CASUALTY INSURERS
Cat Storm Losses Send Kansas P/C Carrier Into Liquidation
Aug 25, 2023 02:13 PM (EDT)

3

EARNINGS
Swiss Re CFO Touts Casualty Lines Reserving Strategy
Aug 04, 2023 02:58 PM (EDT)

4

PRESS RELEASE
Best’s Market Segment Report: Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk
Jun 02, 2021 09:27 AM (EDT)

5

EARNINGS
Centene CEO: Company Will Lay Off 3,000 Employees, Not Fill 1,500 Vacant Jobs
Feb 09, 2021 12:46 PM (EST)

AM Best TV

Related Companies

AMB#	Company Name
058470	The Travelers Companies, Inc.

INSURTECH
Insurtech Cyber MGA Corvus Expands Partnership With Travelers to US Market
Sep 20, 2023 03:21 PM (EDT)

SEXUAL ABUSE
Syracuse Diocese Settles Abuse Cases for $100 Million Without Insurers
Aug 01, 2023 02:58 PM (EDT)

BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Travelers Companies, Inc. and Most Subsidiaries
Jul 20, 2023 11:10 AM (EDT)

EARNINGS
Travelers Posts $14 Million 2Q Net Loss After ‘Historic’ Industry Catastrophe Losses
Jul 20, 2023 10:26 AM (EDT)

ARTIFICIAL INTELLIGENCE
Travelers SVPs: Generative AI, LLMs Poised to Transform Insurance Value Chain
Jun 30, 2023 09:29 AM (EDT)

More Related Company News

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html