St Paul Insurance
St Paul Insurance
385 Washington Street
Saint Paul, Minnesota
St. Paul Insurance is the former name of Travelers Insurance. On April 1, 2004, St. Paul and Travelers merged to form St. Paul Travelers Companies Incorporated, with Robert Lipp as Chairman and Jay Fishman as President and Chief Executive Officer. Founded in 1864, the company has over six million policies nationwide, and is known to for its fair claims settlement practices. The company is also recognized for consistently paying more and in higher amounts compared to other insurers.
Travelers Insurance, St. Paul’s Insurance’s current designation, is an insurance leader committed to keep in pace with the constantly changing needs of clients, at the same time foreseeing their future needs. The company continues to innovate and has the ability to transform its industry, proving its solid testament in securing clients from losses. Its success is established upon its capacity to provide ground-breaking insurance and risk protection products and services synced with its customers’ needs.
The company’s has a solid history of advancements, from the very first auto and space travel policies and hybrid car discount to the 2009 founding of The Travelers Institute for public policy, and it continues to advance to ever elevated standards for its customers.
At present, the company is among the country’s biggest property casualty companies with more than 150 years of service. It has over 30,000 employees and 13,000 independent agents. The company has turned out to be a figure of financial strength and is a component of the Dow Jones Industrial Average and the Fortune 100.
As a property and casualty insurance company, it provides a wide array of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and in selected international markets. Furthermore, the company is able to provide the insurance needs of clients in more than 90 countries around the world through its network of insurers. The company’s products are distributed mainly through independent insurance agents and brokers.
With over 22 product lines across the personal, business, financial and international insurance segments, the company’s wide-ranging products, services and support give individuals and businesses the assurance they need to feel secure. Personal insurance offers a broad array of property and casualty insurance products for individuals. This includes auto, homeowners, renters, condo, flood, boat and yacht, umbrella, wedding and special events, identity theft, valuable items protection, affinity auto and home program.
For businesses, its array of insurance options covers companies small to large, giving these enterprises the specialized coverage and claim service they need to do business with confidence. Business Insurance offers a broad array of property and casualty insurance products and services to its clients, organized into marketing and underwriting groups focused on particular markets, industries or product lines. It provides insurance for small, mid-sized and large businesses, specialized risks, surety bonds, management and professional liability, and risk control.
Its financial, professional and international insurance include bond and financial products business. Bond and financial products offers surety, professional liability, crime coverages, and management liability mainly to U.S.-based businesses. Property and casualty products are marketed on an international basis through operations in the United Kingdom, Republic of Ireland and Canada and at Lloyd’s of London.