Company Overview of The Travelers Indemnity Company of America
The Travelers Indemnity Company of America operates as a subsidiary The Phoenix Insurance Company.
Key Executives for The Travelers Indemnity Company of America
The Travelers Indemnity Company of America does not have any Key Executives recorded.
The Travelers Indemnity Company of America Key Developments
The Travelers Indemnity Company of America Announces The Louisiana Court of Appeal Patient's Auto Insurer Legally and Contractually Obligated to Pay the Amount
Jul 1 13
The Louisiana Court of Appeal held that a patient's auto insurer was legally and contractually obligated to pay the amount reflected on the treating hospital's statement as billed to the patient prior to any discount obtained on account of the patient's health insurance. Ashley Hoffman was injured in an auto accident and sought treatment at Baton Rouge General Medical Center's emergency room. At the time of the accident, Hoffman was insured under at least two different insurance policies, an auto liability policy with uninsured/underinsured motorist coverage and a medical payments provision issued by The Travelers Indemnity Company of America to her parents and a health insurance policy issued by AETNA. Hoffman, through her attorney, submitted an itemized medical bill to Travelers in the amount of $485 from Baton Rouge General, incurred for her treatment in the emergency room after the accident. According to Travelers, the submitted 'account summary' did not contain an itemization of the medical treatment provided to Hoffman and, therefore, precluded Travelers from analyzing the claim for medical payment or making a payment. In response to Travelers' request for an itemized bill of Hoffman's account, Baton Rouge General provided Travelers with an itemized invoice in the amount of $713. Travelers reviewed the itemized bill and then issued payment in the amount of $674 to Hoffman and her attorneys. Travelers' explanation of benefits indicated that a charge of $72 for a procedure was reduced to an allowed amount of $33 "based on provider charges within the provider's geographic area." Thus, the invoiced amount of $713 was reduced to $674. Hoffman filed a petition, seeking, inter alia, a declaratory judgment that Travelers' reduction of medically related service charges violated the terms and conditions of the auto accident policy, constituted an arbitrary and capricious refusal to timely tender insurance benefits and ran contrary to the public mores. The trial court denied Travelers' motion for summary judgment and application for supervisory writs challenging the court's denial of the summary judgment motion. Thereafter, the supreme court granted Travelers' application for supervisory writs and remanded the matter to the court of appeal.
U.S. District Court for the District of Colorado Denies Motion for Summary Judgment Brought by Oakland Construction against its Liability Insurers
Jun 24 13
The U.S. District Court for the District of Colorado denied a motion for summary judgment on state law claims brought by a general contractor insured against its liability insurers following settlement of underlying claims brought against the insured in connection with its construction of a residential and commercial project. The liability insured was a first-party claimant entitled to pursue a claim for dilatory claims handling under a state statute. Oakland Construction Co., the general contractor for the RiverGate Loft Condominium project, was sued in connection with the project. Okland tendered defense and indemnity of the action to its insurers, Phoenix Insurance Co., Travelers Indemnity Co. of America, St. Paul Fire and Marine Insurance Co., St. Paul Surplus Lines Insurance Co. and Travelers Property Casualty Co of America (collectively, the insurers). The insurers defended Okland and the action was settled for $11.5 million. The insurers paid $4 million of this amount, and Okland paid the remaining $7.5 million. Okland then sued the insurers for breach of contract and bad faith based on the insurers' alleged unfair claims settlement practices. The case came before the court on the insurers' motion for summary judgment on Okland's statutory claims. The district court rejected the insurers' contention that the statute on which Okland based its claim did not apply under the circumstances of the case.
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