"Travelers, the New York-based insurer of cars, homes and businesses, climbed the most on the Dow, adding 3.9 percent to $46.68 after S&P said yesterday it may raise its credit rating because of the company’s ability to retain more premium than its rivals after claims and expenses. S&P raised the outlook to “positive” from “stable.”
“The company is maintaining strong capital and liquidity through the difficult market conditions,” S&P analysts Michael Gross and John Iten said in a statement yesterday. Travelers was added to the Dow in June after it surpassed American International Group Inc. in market value."
Not a surprise. They are staying focused and have begun to cut costs and hold the line on underwriting discipline. If they can begin to change the culture that Mr. Freddey talks about, we might have ourselves a winner here.
I agree with stpusfg. We must ignore the so called "goons".