+ Performance-based cash incentive awards
Regular in-person meetings with agents and brokers are required, with travel to those meetings.
Travelers provides property and casualty insurance for homes, cars, valuables, and businesses in the United States, Canada, the United Kingdom, and Ireland, funded by premiums from policyholders. It underwrites coverage that protects against specified risks, with premiums set based on risk factors and delivered through a network of independent agents, brokers, and direct channels, while also offering loss-prevention resources. It differentiates itself with a 165+ year history and a track record of policy innovations, including early auto and space-travel policies, and through its large distribution network and public-policy initiatives. Its goal is to give clients peace of mind by minimizing risk, preventing losses, and providing financial protection and stability through dependable coverage.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1853
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Health Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Wellness Program
PIA New York closes staged-accident fraud loophole after years of lobbying. The new statute covers those who orchestrate or invite others into staged schemes, not just those who participate - a gap PIANY had identified as a long-running enforcement problem. New York has passed legislation explicitly extending its insurance fraud statutes to cover individuals who hire, request, encourage, orchestrate or invite others to participate in staged auto accident schemes - closing a loophole the Professional Insurance Agents of New York had pushed to close for years. The association secured the win during a 2026 legislative session it has described as unusually productive despite a late state budget that consumed most of Albany's calendar. PIANY also secured passage of third-party litigation funding regulation requiring greater transparency and fairness in lawsuit lending, and won repeal of a longstanding anti-arson application requirement in New York City that had created ongoing compliance burdens for property owners and agents. The staged-accident win connects to a broader national push. The Stop Auto Fraud Act of 2026, introduced in Congress this month, targets the same schemes at the federal level and carries backing from the American Property Casualty Insurance Association. New York's state-level legislation closes the enforcement gap in the interim. The annual meeting. The legislative wins formed the backdrop to PIANY's annual business meeting, held September 9 at the Albany Hilton, where Jason Bartow was re-elected to a second term as president and Ed Chadwick of Jencap Specialty Insurance Services was elected president-elect, with a full slate of vice presidents, treasurer and secretary also elected for 2026-27. Three insurance professionals received Awards of Distinction at the same meeting. Leslie Driscoll, owner of Tronilo Driscoll Insurance Agency in Ozone Park, received the Professional Agent of the Year award, given to an independent agent who has demonstrated excellence in insurance marketing and service alongside a personal commitment to professionalism and community contribution. Driscoll has served on PIANY's Education, Sponsorship and Conference committees, and her Ozone Park office serves clients across New York City's five boroughs. Robert Rovello, regional director at Travelers, received the Company Person of the Year award, given to individuals who build strong working relationships with agents and brokers. Rovello serves on PIANY's MetroRAP Committee and has worked to strengthen ties between Travelers and the association's independent agency members. Assemblyman Ken Blankenbush received the Distinguished Insurance Service award, presented to individuals with a history of significant contributions to the regional insurance community. Blankenbush has served on the Assembly's insurance committee for years and has maintained a consistently pro-agency record throughout his political career. Maria Thomas, vice president of brokerage sales and client relations for Friedlander Group, was named Committee Chair of the Year for her work chairing PIANY's 2026 MetroRAP Committee. Thomas co-chairs the Long Island Insurance Community, which has raised more than $7 million for Long Islanders in need over the past 30 years, and previously served as president of the Insurance Professionals Association of Long Island.
AM Best has affirmed The Travelers Companies' Financial Strength Rating of A++ (Superior) and Long-Term Issuer Credit Ratings of "aa+" (Superior) for its main subsidiaries. The outlook remains stable. The ratings reflect Travelers' strongest balance sheet strength, very strong operating performance, and favourable business profile. In 2025, the group reported $4.1 billion in net underwriting income, its largest ever. Combined with investment income, total net income reached $6.5 billion for the year. Travelers ranks as the fifth largest property/casualty insurer in the US based on 2025 direct premiums written. The company is the seventh largest personal lines writer and second largest commercial lines writer, offering coverage across all 50 states and several international territories.
Travelers Companies appointed Anthony Jabbour to its Board of Directors, where he will serve on the Audit Committee and Risk Committee. Jabbour previously held senior leadership positions at Dun & Bradstreet Holdings and Black Knight. The US-based insurer, with a market capitalisation of approximately $76 billion, provides commercial and personal property and casualty coverage across the United States, Canada, and international markets. Jabbour's background in data-centric businesses aligns with insurers' increasing use of analytics to assess risk and structure products. His appointment suggests Travelers is strengthening its focus on using data and AI tools to refine underwriting and pricing. However, the company faces sector-wide challenges, including analyst expectations for declining earnings and concerns about emerging risks like cyber insurance potentially being underpriced.
Ford names new Chief AI and Data Officer to advance AI strategy. Mano Mannoochahr joins Ford after leading enterprise AI, data and analytics strategies at Verizon and Travelers. On the Dash: * Ford is elevating AI and data leadership as the automaker looks to expand these capabilities across its major business units. * Mannoochahr's background in enterprise AI at Verizon and Travelers brings the automaker an executive with experience scaling AI across large organizations. * His role spans Ford's retail, commercial, EV and financial operations, signaling a broad approach to how the automaker plans to use AI and data. Ford has appointed Mano Mannoochahr as its Chief AI and Data Officer, as the automaker aims to enhance its artificial intelligence and data capabilities. In this role, Mannoochahr will collaborate with teams across Ford Blue, Ford Model e, Ford Pro and Ford Credit to advance the company's AI and data strategy. Prior to joining Ford, Mannoochahr served as Chief Data, Analytics and AI Officer at Verizon, where he led the enterprise-wide strategy for data, analytics and artificial intelligence. He managed an organization of more than 3,000 employees dedicated to deploying AI across Verizon's customer, network and enterprise operations. Before his time at Verizon, Mannoochahr spent six years at Travelers as Senior Vice President and Chief Data and Analytics Officer. In this position, he directed the company's data, analytics, AI and engineering capabilities, advising the CEO on digital transformation and AI-driven growth. Mannoochahr described his transition to Ford as a "meaningful homecoming," citing his earlier career in American manufacturing at companies such as John Deere and General Electric. Ford's history of innovation and its vision for the future drove his decision to join the company. In his new position, Mannoochahr will work with Ford's leadership and its enterprise technology organization as the company expands its use of AI across its business operations. His appointment brings Ford an executive with extensive enterprise AI experience as Ford continues to develop technology across its automotive and financial sectors. Mannoochahr's background includes leading large-scale data and AI organizations and implementing digital transformation initiatives in global businesses. His role positions AI and data as central elements of Ford's strategy across its vehicle, commercial and financial operations.
Ohio court clarifies that no bad-faith claim exists without a breach of the policy. LinkedIn Facebook X BBI Logistics, LLC v. GRS Transp., Inc., 2026-Ohio-1146 (2026) BBI is a freight brokerage logistics company that arranged transport of frozen chicken for its client - Bird in Hand Farms, Inc. in February 2021. BBI arranged for a transport company - GRS - to deliver the chicken to Bird in Hand. There was a winter storm while the delivery was being transported by GRS. The GRS driver's trailer was parked on a residential street in Monroe, Louisiana for four days due to the winter storm. During that time, someone cut the trailer seal and stole 15-20 pounds of chicken. Bird in Hand then rejected the entire load upon delivery. BBI sued GRS and Travelers - its insurer. Travelers had issued a policy to BBI covering "damages... for direct physical loss of or damage to covered property." BBI averred that Travelers' insurance policy included coverage for the loss of and/or damage to the shipment of frozen chicken, and claimed that Travelers breached the policy by not providing full payment for BBI's loss. BBI also contended that Travelers acted in bad faith in investigating and evaluating BBI's insurance claim and ultimately denying BBI full coverage. The Court of Appeals affirmed the trial court's decision granting summary judgment that the frozen chicken was not covered property under the Travelers policy. Accordingly the Court of Appeals concluded that Travelers did not breach its policy with BBI. The court then turned to BBI's bad faith claim. BBI argued genuine issues of material fact precluded summary judgment on its claim for bad faith against Travelers, but the trial court concluded that BBI failed to identify any such issues. In reviewing the grant of summary judgment in favor of Travelers, the Court of Appeals held that, if an insurer does not breach the insurance policy when denying coverage, then an insured cannot maintain a claim for bad faith, citing Wash. v. Evans, 2021-Ohio-587, ¶ 34, 168 N.E.3d 638 (10th Dist.). Therefore, the Court of Appeals affirmed summary judgment in favor of Travelers on the bad faith claim. Plaintiff-insureds in Ohio often attempt to argue that a bad faith claim may be pursued irrespective of whether there was an actual breach of the insurance contract. While there is very little authority to support such a position, the argument is not always clear-cut. However, the BBI Logistics decision stands as helpful authority that insurers may utilize in countering such an argument by their insureds. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising. (C) Marshall Dennehey 2026 Help shape our research. Are you... * a law firm C-suite leader? * general counsel/inhouse legal? or * a recent lateral attorney hire? Share your lateral move experience in our confidential 8-minute survey.