Travelers

Wedded Risk: You May Now Insure the Bride

In 2011, the average American wedding cost $26,501. With that kind of money on the line, and considering all the unforeseeable circumstances that could wreck your carefully laid plans, it's no surprise that a growing number of companies are offering wedding insurance.

Stocks Jump After Storm Damage Is Less Than Feared

Stocks rose sharply after fears that Tropical Storm Irene would cause widespread catastrophic damage subsided along with the storm. Lowered damage estimates pushed insurance stocks higher, and utilities mostly rose after it became clear their storm-related expenses would also be below predictions.

Massachusetts Ruling Slams Bank Foreclosure Practices

The state's highest court affirmed the fundamental and long-established idea that a bank must own the mortgage it's foreclosing on before it forecloses. The ruling pertained to Wells Fargo and US Bancorp, but investors are hammering all bank financial stocks in reaction.

Travelers Earnings Slip and Guidance Is Lowered

Travelers Cos. reported second-quarter earnings of $1.35 per diluted share, or $670 million. Earnings for the second quarter of 2009 were $1.27 per share, or $690 million. Operating income after tax for the quarter was $690 million, a decrease of $42 million from a year earlier, the company said in a statement. The drop was primarily due to an $87 million after-tax decrease in the underwriting gain.

The Travelers: Pull-back Is Buy Opportunity

The Travelers represents one of the few moderate-risk/decent growth opportunities around these days.Surprisingly, institutional investors still haven't bid-up The Travelers' share so its stock with PE of 10, looks cheap.