Latest news with #Travelers
Yahoo
12 hours ago
- Business
- Yahoo
Travelers Releases 2025 Injury Impact Report
Comparison of pre- and post-pandemic workers compensation data shows effects of changing workforce demographics HARTFORD, Conn., June 03, 2025--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV), one of the country's largest workers compensation insurers, today published its 2025 Injury Impact Report, which compared workers compensation data from the five years leading up to the COVID-19 pandemic with the next five years. The analysis of more than 2.6 million claims submitted during that time found that while the number of workplace injuries overall continues to decline, the costs associated with them are climbing. "Over the past decade, we've seen three trends intensify: increasing retirement ages, ongoing employee turnover and longer injury recovery times," said Rich Ives, Senior Vice President of Business Insurance Claim at Travelers. "Our aim with this report is to provide employers with insights on these dynamics that are contributing to growing claim severity so they can better navigate these workforce challenges, protect their employees and keep their businesses running." Decreasing Workers Compensation Claim Frequency The report found that the frequency of workplace injuries overall has declined over the past decade. Travelers examined 1.2 million workers compensation claims received during the past five years, down from 1.4 million from 2015 through 2019. Workplace Turnover and First-Year Employees There were many shifts in the workplace over the last 10 years, including continued job churn during and after the pandemic. This created a steady stream of new employees, who are among the most vulnerable to injury. The report found that employees in their first year on the job accounted for approximately 36% of injuries and 34% of overall claim costs during the last five years. This is an increase from the prior five years, when 34% of injuries and 32% of overall claim costs were attributed to new employees. An Aging Workforce The U.S. Bureau of Labor Statistics projects that by 2033, approximately 24% of employees will be age 55 or older – up from 15% in 2003. Travelers has seen the volume of claims involving older employees rise in line with this shift. During the past five years, employees aged 50 or older made up 41% of the injured employee population, and those 60 and above represented 16%. This is up from 39% and 13%, respectively, when compared with data from 2015 through 2019. This trend is significant because older employees – while typically injured less frequently than their younger counterparts – tend to require longer recovery times and have more costly claims. Lengthier Recovery Times From 2020 through 2024, employees missed an average of 80 workdays per injury – an increase of more than seven days when compared with the previous five-year period. Injured employees aged 60 and above were out of work due to workplace injuries for nearly 97 days, almost 17 more days than the overall average and an increase of 14 days from pre-pandemic years. Risk Management and Employee Safety Strategies With proper precautions, many workplace injuries can be prevented. Travelers Workforce Advantage® is the company's comprehensive approach to helping businesses manage employee safety by focusing on three key areas: Onboarding and training employees to establish safe work practices. Creating a culture of safety by supporting and engaging employees. Managing workplace accidents and injuries through the Travelers Corridor of Care® post-injury management process. "By examining claim data, which includes information such as injury frequency, severity and causes, we can provide guidance to employers across multiple industries to anticipate future risks and implement preventive strategies," said Chris Hayes, Assistant Vice President of Workers Compensation and Transportation, Risk Control, at Travelers. "Taking these steps can help employees feel valued and supported, which is key to maintaining a motivated, safe and healthy workforce." Additional findings from the 2025 Injury Impact Report can be found at For best practices on creating safer workspaces, visit the Workplace Safety Resources page on the company's website. About the 2025 Injury Impact Report Travelers analyzed more than 2.6 million workers compensation claims submitted over the past 10 years from a variety of industries and business sizes to identify trends in worker safety. Findings were based solely on indemnity claims, where the injured employees could not immediately return to work and incurred medical costs. About Travelers The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of more than $46 billion in 2024. For more information, visit View source version on Contacts Media: Kate Thermansen, 860-954-1789ktherman@
Globe and Mail
a day ago
- Business
- Globe and Mail
Why foreign property and casualty insurers are quitting Canada
In the fragmented domestic auto and home insurance industry, the big question is: Who will be next to exit? Last week, U.S. insurance giant Travelers surprised the market by selling its Canadian operations to Waterloo-based Definity Financial Corp. DFY-T for $3.3-billion. New York-based Travelers is the latest in a string of foreign-owned property and casualty (P&C) insurance company to quit the domestic market. Over the past decade, global insurers such as State Farm, AXA and Hartford opted to exit. While there have been numerous departures, there are still more than 150 P&C players competing in a consolidating sector where scale and marketing heft are increasingly critical to success. The vast majority have single-digit market share – Travelers had roughly 2 per cent of the market – and would need to spend billions to bulk up. There are also a handful of Canadian companies – including market leader Intact Financial Corp., Definity, Desjardins Group, Co-operators, Fairfax Financial Holdings Ltd. and Toronto-Dominion Bank – with ambitions to dominate the sector. Analysts say further auto and home insurer consolidation is as inevitable as highway fender benders on holiday weekends. Toronto-based Intact has moved onto the global stage as part of its consolidation strategy. In 2020, Intact and a Danish insurer acquired London-based RSA Insurance Group PLC, a major player in the Canadian market, for $12.4-billion. Institutional investors are willing to put money into consolidators such as Intact and Definity. Three larger domestic pension plans committed capital to the RSA purchase. Analysis: Why investors love Definity's big acquisition, helping the home and auto insurer extend its hot run For ambitious chief executives such as Intact CEO Charles Brindamour, an accomplished integrator of insurance businesses, the obvious next targets are Allstate Insurance Co. of Canada, which has a Chicago-based parent, and Aviva Insurance Co. of Canada, with an owner in London. Both companies have larger market share than Travelers, but similar challenges when it comes to further expanding their platforms. Both Allstate and Aviva will be looking at the economics behind the Definity deal and making a go-big-or-go-home decision. Travelers built its Canadian platform through acquisitions, highlighted by the 2013 purchase of Dominion of Canada General Insurance Co. for more than $1-billion. (Definity's acquisition of the company brings a business founded by Sir John A. Macdonald in 1887 back into Canadian hands.) Part of Travelers' expansion strategy centred on using a familiar U.S. brand – a red umbrella – to sell insurance north of the border. The campaign never really caught on. In part, that reflects a P&C industry that sells through independent agents, who care more about commissions than umbrellas. It also reflects domestic insurers spending heavily on advertising to sell online through flanker brands such Intact's Belair Direct and Definity-owned Sonnet. These campaigns drowned out Traveler's marketing. Travelers decided to sell at a time when industry dynamics favour P&C insurers, with what's known as a hard market on pricing. The Canadian division sold for 1.8 times its book value, an impressive premium. Travelers plans to use US$700-million of the sale's proceeds to buy back its own stock, a shareholder-friendly move. In soft insurance markets, when P&C insurers discount their rates to win customers, acquirers will offer far smaller premiums to book value on potential purchases. For Allstate and Aviva, this is a seller's market, one that may not last. Definity paid up for Travelers, and devoted the better part of a year negotiating the takeover, because the transaction vaulted the insurer into the country's top five players. The additional scale translates into $100-million a year in annual savings, a significant boost in the company's return on equity and a 30-per-cent increase in premiums. Definity went public in 2021 to do this sort of takeover, after being founded in 1871 as mutual company Economical Insurance, owned by its policyholders. CEO Rowan Saunders said in announcing the Travelers deal that 'this acquisition demonstrates our commitment to long-term growth and competitiveness.' It also avoids having Definity show up on lists of potential takeover targets, alongside Allstate and Aviva. As part of the initial public offering, the company and regulators struck a four-year moratorium on takeovers of Definity. The standstill agreement expires this fall. Buying Travelers should make Definity too large or too expensive for a domestic rival such as Intact to acquire. Or an even more tempting prize.
Time of India
2 days ago
- Entertainment
- Time of India
Imaginarium Theater Guide (June 2025) in Genshin Impact
Image via: HoYoverse Being set in June 2025 is Season 12 of the Performance Tour in the Imaginarium Theater of Genshin Impact, a fast, combat-heavy event. The Theater level domain, permanent domain challenge, upholds higher difficulties of strategy, placing even higher importance on making old-time Travelers dust off their elemental team rosters. Cryo, Electro and Dendro Win the Spotlight The hustle and bustle of the season have their spotlight on a new intriguing elemental reaction, a frosted combination of Cryo and Dendro that rewards teams who manage to balance freezing control with the aggression of withering thorns. The interaction comes in handy against Act bosses tuned to apply elemental pressures. New Imaginarium Theater Act 1 - Act 10 | Genshin Impact 5.6 Given that the roster of characters limits to Cryo, Electro, and Dendro, careful planning goes into team building. Starting from the opening casts, Cyno, Nahida, Qiqi, Fischl, Collei, and Mika lay down a good early base for a team leaning heavily onto reaction. Special Guests and Backing Cast Those who own Furina, Dehya, Xiangling, and Xingqiu can invite them as Special Guests this season, so consider yourself majorly blessed with their solid elemental support and myriad of uses! Although it's a drag not having any of these stars yourself, the Supporting Cast allows you to borrow them from other players. Team Compositions Mastering Season 12 is all about balance. Here's how the meta is formed: Names like Raiden, Ganyu, Alhaitham, and Eula take center stage. These characters put out enough elemental damage required by the theme of the season. Sub DPS picks expose Yae Miko and Beidou as optimal Electro anchors, while Rosaria and Emilie provide Cryo and Dendro burst support, respectively. The benefits Baizhu, Shenhe, and Yaoyao confer include healing and resistance shredding, an edge vital for survivability and keeping uptime on reactions. Team synergy is important. Ensure that your sub-DPS and support characters enhance effects such as Rimegrass or conventional reactions like Superconductor Quicken. New 5.6 Imaginarium Theater June 2025 | New Dendro & Cryo Reaction & 9-Star Bonus Reward Difficulty Scaling: A Theater for All Players The Imaginarium Theater opens its doors to all, no matter if you're stepping into the limelight for the first time or back for the encore: Easy Mode (3 Acts): For entry-level players, it demands very little in terms of requirements. Normal to Hard Modes (6–8 Acts): Stand on the shoulders of deeper rosters and greater foresight in strategy. Visionary Mode (10 Acts): Aplomb beyond all tests, requiring 22-26 characters level 70 or above and meticulous role tiling. Every additional character past the minimum requirements offers a passive buff, preparation hence becoming power itself. With all new mechanics, elemental reactions including Rimegrass, and a hand-picked roster of characters, Imaginarium Theater Season 12 is one of Genshin Impact's most complex combat performances to date. Whether you're pursuing Stella for ultimate-tier prizes, or just pushing the art of the possible in team synergy, this season requires more than raw power. It requires artistry. So assemble your talent, tune up your orchestra and get ready for the performance. The curtain is going up and the stage awaits you.
Business Insider
4 days ago
- Business
- Business Insider
Travelers exec Lefebvre sells over 6,000 common shares
In a regulatory filing, Travelers (TRV) chief technology and operations officer Mojgan Lefebvre disclosed the sale of 6,148.677 common shares of the company on May 29 at a price of $273.71 per share. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
CNA
4 days ago
- Lifestyle
- CNA
Diners, ice cream parlours and soba: An essential guide to Okinawa's surprising food scene
You walk into a local restaurant in Okinawa, and on the menu are its bestsellers: Okinawa soba, a dish that feels unmistakably Japanese; chanpuru, a stir-fry of bitter melon, egg, and tofu – also a common South China or Southeast Asia dish; and then, oddly, a Tex-Mex style taco rice. To the uninitiated, it might come across as a cuisine with no clear identity, but this culinary mash-up has deep roots. Okinawa was once the independent Ryukyu Kingdom, a prominent trade partner with imperial China and Southeast Asia for centuries, before it was annexed by Japan, then later occupied by American forces after WWII. Each era left its mark in the language, the culture, and especially the food. Today, Okinawa is Japan's most popular domestic holiday spot, and an increasing number of travelers from East Asia and Southeast Asia are making their way there too, thanks to more direct flights (Jetstar flies direct from Singapore three times a week). Part of the allure? Subtropical weather, some of the best dive spots in the world, pristine, uncrowded beaches next to five-star resorts – no wonder it's called the 'Hawaii of Japan' by some. But if you ask us – start with the food. Because not only is it a delicious, underrated side of Japanese cuisine with tropical twists and turns, it's also an easy way to get acquainted with the island's layered history and culture. So if you're planning a trip, let this culinary guide be your way in. NAHA CITY RESTAURANTS FOR TRADITIONAL OKINAWAN CUISINE ROYAL COURT CUISINE Back in the days of the Ryukyu Kingdom, Okinawa was a tributary state of Ming China, and food played a diplomatic role. Royal chefs were sent to China to train, returning with refined dishes meant to impress visiting envoys. Served in elegant lacquerware, these became the foundation of Ryukyu court cuisine. After the kingdom was abolished by Imperial Japan in the late 1800s, these once-exclusive dishes gradually made their way to the masses. View this post on Instagram A post shared by 琉球料理 ぬちがふぅ (@nuchigafu) Today, you can still taste that royal heritage in Naha city. Ryukyu Cuisine Mie stands out for its traditional, pared-back style, while Nuchigafu in the quaint pottery neighbourhood of Tsuboya and Omoro Dun-chi just outside the center offer a more homely take in charming, old-style settings. IZAKAYAS For a more casual take on Okinawan food, hit up a local izakaya. The lively atmosphere in these eateries are perfect for sharing small plates over drinks. One staple to try is goya chanpuru – a bitter melon stir-fry with egg and tofu. Variations may include ingredients like okra or even Spam, a pantry staple dating back to the American postwar era. The word chanpuru means 'something mixed,' and is said to originate from the Malay word 'campur' – a nod to the multicultural influence on Okinawa's cuisine. View this post on Instagram A post shared by Adam Liaw (@adamliaw) Other favourites include a mochi-textured peanut tofu, tender pork belly simmered in local rice wine and squid ink somen – a thin noodle alternative to soba, usually served stir fried. Popular izakayas in Naha include Yunangi and Dachibin, both local favourites known for their buzz and variety. If you spot Agu pork on the menu, order it. This Okinawan native breed is prized for its marbled richness, often dubbed the wagyu of pork. For a dedicated experience, head to Shima Buta-ya, a restaurant that specialises in all things Agu. Not to be missed are the black sesame pork and side dishes like peanut tofu and fried yam. Tip: These places fill up fast – go early or make a reservation to avoid the queue. OKINAWA SOBA Okinawa soba is to the islanders what ramen is to the mainland Japanese – an everyday staple with countless variations, but the fun is in trying them all. Typically, expect thick, chewy wheat noodles in a clear, light broth, topped with sweet-savoury pork belly, fishcake and ginger slices. In Naha, try the Insta-famous Eibun (expect to queue), or go hyper-local at Susuriba Okinawa Soba, where ordering is done vending-machine style – no-frills and tucked in a nightlife-heavy neighbourhood of Matsuyama. For something different, head to Restaurant Arinkaya in Minatogawa Stateside Town – a repurposed American military housing area now home to indie boutiques and cafes. The chef, originally from Yonaguni Island, brings a southern twist to the classic bowl. MAKISHI PUBLIC MARKET Located along the main Kokusaidori Street, this 74-year-old establishment is a great sampling ground for fresh Okinawan produce, from tropical fruit to fresh seafood which can be purchased and prepared on the spot at one of the restaurants on the second level. You'll also find stalls selling traditional fare like fishcakes – a delicacy enjoyed during Shimi, Okinawa's tomb-sweeping festival. Much like Qing Ming in Chinese culture, families gather at ancestral graves to offer food and share a meal together. Keep an eye out too for traditional snacks like Okinawan donuts – a treat with roots in South China. Nansei Donuts (previously located opposite the market, with plans to relocate as of April 2025) is known for frying them fresh to order, offering contemporary flavours like lemon, mugwort, and brown sugar. Tip: For a food-focused stay in Naha, consider OMO5 Okinawa Naha, located in the heart of Matsuyama, Naha's buzzing nightlife and dining district. In the lobby, you'll find an interactive map of top local eats curated by insiders – or enjoy Okinawan dishes at the in-house cafe, which serves dishes from beloved neighbourhood restaurants. The hotel also offers daily Awamori (a local rice wine) tastings and English-language market tours for a deeper dive into local food culture. THE POSTWAR ERA: OKINAWA'S DINER AND DRIVE-IN CULTURE After Japan's surrender in WWII, Okinawa came under US administration until 1972. During this time, the island became home to one of the most strategic American military bases in the Asia-Pacific – and with it, a wave of American cultural influence that still lingers today. Nowhere is this more visible than in Okinawa's love for American-style diners. In Chatan, you'll find Ruler's Taco Rice, a diner dedicated to the dish that defines Okinawa's East-meets-West culinary identity. Taco rice – ground beef and salsa over fluffy Japanese rice, topped with shredded lettuce, cheese, and other fixings – was born out of the island's military presence but is now beloved by locals. Be sure to order a side of their onion rings. Blue Seal Ice Cream, a local institution, began in 1948 as a dairy supplier to the US military. While you'll find outlets all over Okinawa, the newly-renovated Makiminato branch is worth a visit. Styled like a 1950s diner straight out of Grease, it features a small exhibit on the brand's history and the full lineup of flavours. This writer's top picks: Strawberry cheesecake and Okinawan salt cookies. If you're road-tripping up north, swing by Sea Side Drive-In – Okinawa's oldest drive-in, opened in 1967 by a refrigerator mechanic who once worked with the American military and was inspired by the diner-style restaurants on base. This roadside institution is loved by locals for its order-at-the-window charm and hearty fare: Think oxtail stew, cream of mushroom soup, and a surprisingly great club sandwich. The vibe is reminiscent of a Hainanese-Western cafe one would find in Singapore. Another worthwhile stop if you're heading north toward Cape Zanpa is Cape Zanpa Drive-In, known for its crispy chicken burgers. Add a side of homemade slaw and freshly fried sweet potato chips. This humble diner is also the perfect spot to kick back and enjoy the sunset after a day of road tripping and sight-seeing. LONGEVITY FOOD AT OGIMI VILLAGE Okinawa is one of the world's five Blue Zones – regions with the highest concentration of centenarians. One village in particular stands out: Ogimi, in the island's north, where it's not uncommon to see old folks tending to their vegetable gardens with quiet vitality. Many elderly folk are self-sufficient and aging healthily. Ogimi is also famed for another powerhouse of longevity – Shikuwasa, a local citrus rich in Nobiletin, a compound known for its anti-inflammatory and neuroprotective properties, particularly in combating Alzheimer's. Two stops not to miss: EMI NO MISE For lunch, head to Emi no Mise, a humble eatery where you're served a longevity meal in the owner's own home. Expect a nourishing spread of homegrown, home-pickled, mostly plant-based dishes — all prepared with care and tradition. Seating is very limited, so reservations are essential. View this post on Instagram A post shared by 金城笑子 (@eminomise) SHIKUWASA PARK While you will find Shikuwasa juice all over Okinawa, here you'll get to taste it right at the source. The park offers English-language tours that take you through the production process and highlight the fruit's health benefits. Don't leave without stocking up on some Shikuwasa produce, with everything from cakes, sweets, and juice concentrates. View this post on Instagram A post shared by 大宜味シークヮーサーパーク | 沖縄 | やんばる | シークヮーサー専門店 (@shikuwasa_park_ogimi) AWAMORI: THE LIQUOR THAT PREDATES SAKE AND SOCHU Long before sake or shochu, there was awamori – Japan's oldest distilled rice liquor, with roots tracing back to Okinawa's trade with Thailand and China in the 15th century. The technique eventually made its way to mainland Japan, evolving into the sake and shochu we know today. Yet despite its heritage, awamori remains under the radar, often dismissed as an "old man's drink" by younger generations. Now, a new wave of bartenders and distillers is breathing fresh life into this forgotten spirit. In Naha, make a beeline for El Lequio – the city's only mixology bar and a proud entry on Asia's 50 Best Bars extended list (2023). Portuguese for 'the Ryukyu,' El Lequio champions Awamori through inventive cocktails that spotlight local ingredients – think bitter gourd-infused spirits and house-made awamori blends.
