Tuesday, December 12, 2006

St. Paul Travelers Won't Renew Some Commercial Policies in New Orleans

From the Insurance Journal:
St. Paul Travelers said Dec. 1 that it will stop renewing many commercial insurance policies in the New Orleans area next year, stoking fears that other insurers are prepared to pull out of the market after Hurricane Katrina.

The state's largest commercial insurer will stop renewing property business policies for an undisclosed number of small- and mid-sized businesses, mostly in Orleans Parish, starting in March, a spokeswoman for the St. Paul, Minn.-based company said.

It wasn't immediately clear how many businesses would be affected, but The St. Paul Travelers Companies Inc. writes about 14 percent of the state's policies...



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