Businessweek

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial, and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. Segments The company operates through three segments, including Business Insurance; Financial, Professional, and International Insurance; and Personal Insurance. BUSINESS INSURANCE This segment offers a range of property and casualty insurance, and insurance-related services to its clients primarily in the United States. This segment is organized into six groups, including Select Accounts, Commercial Accounts, National Accounts, Industry-Focused Underwriting, Target Risk Underwriting, and Specialized Distribution. Select Accounts Select Accounts provides small businesses with property and casualty products, including commercial multi-peril, property, general liability, commercial auto, and workers' compensation insurance. Commercial Accounts Commercial Accounts provides mid-sized businesses with property and casualty products, including commercial multi-peril, property, general liability, commercial auto, and workers' compensation insurance. National Accounts National Accounts provides large companies with casualty products and services, including workers' compensation, general liability, and automobile liability, as well as property coverages, generally utilizing loss-sensitive products, on both a bundled and unbundled basis. National Accounts also includes the company's commercial residual market business, which primarily offers workers' compensation products and services to the involuntary market. National Accounts also provides insurance-related services, such as risk management services, claims administration, loss control, and risk management information services. The commercial residual market business of National Accounts sells claims and policy management services to workers' compensation pools throughout the United States. Industry-Focused Underwriting Industry-Focused Underwriting markets property and casualty insurance products and services through a network of agents and brokers. The units provide targeted industries with differentiated combinations of insurance coverage, risk management, claims handling, and other services. Construction: Construction serves a range of construction businesses, offering guaranteed cost products for small to mid-sized policyholders, and loss-sensitive programs for larger accounts. For the larger accounts, the customer and the company work together in managing and controlling exposure and claims, and they share risk through policy features, such as deductibles or retrospective rating. Products offered include workers' compensation, general liability, umbrella, and commercial auto coverages, and other risk management solutions. Technology: Technology serves small to large companies involved in telecommunications, information technology, medical technology, and electronics manufacturing, offering a portfolio of products and services. Products offered include property, commercial auto, general liability, workers' compensation, umbrella, Internet liability, technology errors and omissions coverages, and global companion products. Public Sector Services: Public sector services provides insurance products and services to public entities, including municipalities, counties, Indian Nation gaming organizations, and selected special government districts, such as water and sewer utilities. The policies written by this unit cover property, commercial auto, general liability, and professional liability exposures. Oil and Gas: Oil and gas provides specialized property and liability products and services for customers involved in the exploration and production of oil and natural gas, including operators and drilling contractors, as well as various service and supply companies and manufacturers that support upstream operations. The policies written by this business group cover risks, including physical damage, liability, and business interruption. Agribusiness: Agribusiness serves small to medium-sized agricultural businesses, i