The Travelers Companies, Inc. (NYSE:TRV) announced that its Auto, Property and General Liability customers can now receive claim payments through the digital payments platform PayPal. Travelers’ link to PayPal comes through Global Digital Disbursements, a service provided by Global Transaction Services at Bank of America Merrill Lynch. “The sooner our claimants are paid, the sooner […]
Lexus Partners with Travelers to Include Auto Insurance in Lease Program
Lexus today announced a complete lease program that offers single monthly payment that includes insurance, scheduled maintenance and other services. Lexus has chosen Travelers for the Lexus Complete Lease. The auto insurance policy from Travelers includes auto liability and physical damage coverage with a $500 deductible. The program is currently available on any Lexus UX […]
Lyft Names Travelers Exclusive Provider of U.S. Auto Insurance Claim Management
The Travelers Companies, Inc. (NYSE: TRV) today announced that, effective Feb. 1, it will become the exclusive provider of U.S. auto insurance claim services for Lyft, the rideshare company. “Lyft is a dynamic organization that’s at the forefront of the future of transportation,” said Nick Seminara, Travelers’ Executive Vice President of Claim Services. “Travelers’ investments […]
Largest Auto Insurers Added Market Share in 2015
The largest private passenger auto insurers in the U.S. gained market share in 2015. Growth continues long term trend. Since 2000, the largest private passenger automobile insurers have been growing their combined market share and more than half of all private passenger auto insurance in the United States is handled by just five companies. The […]