Tag: industry news

Safety Saturday: Wildfire Preparation and Recovery Tips from Travelers

December 9, 2017
Wildfire Preparation and Recovery Tips from Travelers
Travelers is continuing to monitor the progression of the fast-moving wildfires that are currently impacting various California counties. Because the safety of our agents and customers is important to us, we’d like to share some steps that may be taken to help you prepare and stay safe.

We will also provide these preparation and recovery tips to personal and business insurance customers later today.
For Personal Insurance Customers
✓ Prepare for a Wildfire
✓ Prepare an evacuation plan
✓ Build an emergency preparedness kit in case you’re evacuated quickly or you can’t return to your home
✓ Monitor nearby wildfires on statewide fire maps published by the California Dept. of Forestry and Fire Protection
✓ Above all else, please follow local evacuation notices to help protect the personal safety of yourself and others
For Business Insurance Customers
In addition to the above, have a business continuity plan with alternative arrangements for continuing critical operations. Here are some additional resources to consider that may help you reduce the risk of property damage and of injury to you, your family, and employees:
✓ Emergency preparedness
✓ IBHS: Reducing Wildfire Risk, Commercial*
✓ American Red Cross: Wildfire Preparedness*
Claim Reporting
To offer further assistance, Travelers Claim professionals have set up a customer resource center at the following location:
✓ Ventura Beach Marriott
2055 Harbor Blvd.
Ventura, CA 93001
Map It
At the resource center customers will be able to:
✓ Speak directly to one of our Claim professionals
✓ Begin the claim process, or receive assistance with an existing claim
✓ Receive an advance for a covered loss
We’re here to help when your customers need us most. If your customers experience damage or loss, they can contact us:
✓ Online at:
https://www.travelers.com/claims/report-claim/index.aspx (This is a customer reporting site that also is available to agents to report claims on their customers’ behalves. Customers will receive a confirmation email and can expect to hear from their assigned Claim professional shortly thereafter.)
✓ By phone:
• Personal Insurance – 1.800.CLAIM33 (1.800.252.4633)
• Business Insurance – 1.800.238.6225
Suspension of Binding Authority 
As a reminder, with some severe events, one or more of our business units may suspend binding authority. You can get updates on suspension of binding authority by logging onto the “For Agents”section of our website.
*Travelers expressly disclaims any responsibility for the content, materials, accuracy of information and/or the quality of the products or services provided by, available through, or advertised on these third-party sites.

Article: 4 Keys on Cyber-Risk Accumulation

November 28, 2017

“As the sale of cyber policies grows and other types of policies are extended to include cyber coverage, the industry is taking on a massive amount of new risk. Although it is true that auto, workers compensation, environmental policies and so many others were all new offerings at one time, there are some things about cyber that make it more unusual, more uncertain and more potentially dangerous for the insurance industry than new offerings of the past…”

Click here to continue reading.

Article: A Millenial’s Tips on How to Draw Young Stars to the Industry

November 14, 2017

“The insurance industry staffing crisis is the talk of the town. Around 25% of the workforce is set to retire by 2018 and there’s a serious shortage of millennial candidates seeking to take their places.

So, what can be done to recruit, engage, train and retain the best and brightest of the younger generations to join the insurance industry?”

Click here to read the rest of this article from Insurance Business Magazine on the importance of getting millenials into our industry.