The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second largest writer of U.S. commercial property casualty insurance and the third largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City and its largest office in Hartford, Connecticut. Travelers also maintains a large office in St. Paul, Minnesota. It has been a component of the Dow Jones Industrial Average since June 8, 2009.
Many of Travelers' ancestor companies, such as St. Paul and USF&G, are technically still around today, and still write policies and accept claims in their own names (under the overarching Travelers brand name). As is typical of most insurers in the United States, Travelers never dissolved the various companies it acquired, but simply made them wholly owned subsidiaries and trained its employees to act on behalf of those subsidiaries. This is a common risk management strategy used by U.S. insurance groups. If any one company in the group gets hit with too many claims, the situation can be easily contained to that one company (which is placed in runoff and allowed to run its policies to completion), while the remainder of the group continues to operate normally.
In January 2007, Travelers agreed to pay US$77 million to six states to settle a class action suit and end investigations into its insurance practices. The charges involved paying the insurance broker Marsh & McLennan Companies contingent commissions to win business without the knowledge of clients, thus creating a conflict of interest. Additionally, the investigation examined whether Travelers had created the illusion of competition by submitting fake bids, thus misleading clients into believing they were receiving competitive commercial premiums.
Word History: It may seem hard to believe, but Latin aqua, "water," is related to island, which originally meant "watery land." Aqua comes almost unchanged from Indo-European *akwā-, "water." *Akwā- became *ahwō- in Germanic by Grimm's Law and other sound changes. To this was built the adjective *ahwjō-, "watery." This then became *awwjō- or *auwi-, which in pre-English became *ēaj-, and finally ēg or īeg in Old English. Island, spelled iland, first appears in Old English in King Alfred's translation of Boethius about ad 888; the spellings igland and ealond appear in contemporary documents. The s in island is due to a mistaken etymology, confusing the etymologically correct English iland with French isle. Isle comes ultimately from Latin īnsula "island," a component of paenīnsula, "almost-island," whence our peninsula.
Protocol Omega means the Director is no longer intervening in this timeline as either the Traveler program succeeded in its mission or it has totally failed. When Jeff visits Marcy to offer his condolences, she realizes he has been overwritten by 001 and eventually kills herself to prevent him obtaining Ellis' backdoor code from her brain. 001 uploades his consciousness to the internet, enabling him to exist into the future and ultimately gain control. He sends the consciousnesses of his followers into world leaders, provoking the Russians and Chinese to launch nuclear warheads against the US. Yates blames MacLaren and his team for hastening, rather than preventing, the end of mankind. MacLaren uses 001’s machine to send his mind back to the August 2001 day when his host first met Kat. He tells her to give John a second chance, later drops off a warning about Helios, then on September 11 arrives at the same office high in the World Trade Center a few minutes before 001's expected arrival, meant to kick off the Traveler program. MacLaren sends an email, knowing the Director will find it, stating: "Traveler program failed. Do not send 001." MacLaren stays in the office – as 001 was supposed to do in the original plan – to await the attacks. The non-Traveler Marcy, showing no signs of hydrocephalus and working as a nurse, happens to sit beside David on a bus, and he strikes up a conversation, renewing their inevitable connection for a third time. The Director decides that Traveler program version one has failed, and begins version two...
The team track down Simon (Traveler 0004), a specialist who developed the consciousness transfer technology in the future, who was sent into a host body that developed schizophrenia after arrival. Simon, who set up the Travelers' communications system in the 21st, is haunted by hallucinations of Vincent, who previously convinced an institutionalized Simon that the Director wanted him to next build transfer technology in the 21st.
In March 2017, Travelers agreed to acquire UK-based Simply Business from Aquiline Capital Partners for approximately $490 million. Simply Business is a leading U.K. distributor of small business insurance policies, offering products online on behalf of a broad panel of carriers. It has more than 425,000 microbusiness customers covering more than 1,000 classes of business, and was named “Best Company to Work For” by The Sunday Times in 2015 and 2016. The transaction adds to Travelers' digital capabilities.