Latest news with #TravelersInsurance
CBS News
16 hours ago
- CBS News
Ryan Ferguson, wrongfully convicted in 2001 Missouri killing, awarded over $43M by judge
A Missouri judge has ordered an insurance company to pay more than $43 million to a man who was wrongfully convicted of murder and incarcerated for nearly a decade. In 2004, Ryan Ferguson was arrested in the 2001 killing of a newspaper sports editor in Columbia, Missouri, and he was convicted the following year. His 2005 conviction was vacated in 2013 after a key witness who had testified against Ferguson said he wasn't involved in the killing. Prosecutors decided against trying Ferguson again. Ferguson took Columbia and a group of police officers to court in 2014 with a federal civil rights lawsuit, and he was awarded $11 million, according to court documents. Ryan Ferguson is photographed Dec. 2, 2010, at the Jefferson City Correctional Center, in Jefferson City, Missouri. Keith Myers/Kansas City Star/Tribune News Service via Getty Images According to insurance trade publication Insurance Business, Ferguson took legal action against the city's insurer, St. Paul Fire and Marine Insurance Company, a subsidiary of Travelers insurance company, because the officers could only pay $2.7 million. Ferguson's fight against the company spent years in state court. The officers also joined the lawsuit, claiming they experienced stress when the insurer wouldn't pay out, according to KMIZ-TV in Columbia. In November, a jury sided with Ferguson, and Judge Cotton Walker awarded more than $43.8 million to the plaintiffs on Monday, according to court documents. "He was thrilled," Ferguson's attorney, Kathleen Zellner, told KMIZ-TV about her client's reaction. "It was close, not entirely comparable, to when I got to tell him that, you know, the appellate court had overturned his conviction and he was going to be released. But this is a close second." The officers will get a percentage of the award, Zellner told the station. CBS News has reached out to Travelers insurance company for comment.
Yahoo
6 days ago
- Automotive
- Yahoo
6 Ways To Cut Car Insurance Costs, According To Experts
Americans love to drive, which means they're also willing to pay all the costs associated with owning and driving a car, including car insurance. That cost can add up, depending on factors such as your age, location, driving record and vehicle type. Read More: Find Out: On average, American drivers pay annual car insurance rates of $716 for minimum liability coverage and $2,386 for full coverage, according to the latest research from MarketWatch. But the cost can vary wildly depending on your situation. Some drivers might pay as little as $210 a year, MarketWatch noted, while others could pay as much as $7,000. Maintaining a good driving record is one of the best ways to keep your car insurance costs low. Beyond that, you can find 'meaningful' savings with small changes to your policy, according to Katie Elkstrom, AVP of Auto Product Development at Travelers Insurance. Here are six ways to cut your car insurance rates, as recommended by experts. Opting for a higher deductible can lower your premium by anywhere from $464 to $525 a year, according to Consumer Reports. It cited insurance experts who said that hiking your deductible by $500 to $1,000 can lower your annual premiums by up to 25% on average. Before choosing this option, however, make sure you can afford the deductible in case of a claim, Elkstrom suggested. Discover Next: Elkstrom recommends reviewing your car insurance policy to see if it includes services such as roadside assistance. If so, you might not need to pay for a separate membership for the service. Consumer Reports estimates that taking this step can lower your annual car insurance costs by an average of $116 a year. 'Most insurance companies include annual mileage in their pricing methodology, and lowering your miles can save you money,' Douglas Heller, director of insurance with the Consumer Federation of America, told Consumer Reports. 'Some companies offer verified mileage programs where you can get even more savings by reporting your odometer reading on a regular basis.' It might be convenient to buy insurance from the first company that offers you the right coverage, but that's a mistake. Take the time to shop around and compare quotes from different insurers to find the best rates. As Elkstrom noted, prices can 'vary significantly' between different companies. She also recommends researching discounts at different insurers, such as those offered for multiple policies, paying premiums in full, or because of safety features in your vehicle. Another step you should take is to assess your coverage needs once a year and adjust them as necessary, according to Elkstrom. This can help you avoid paying for coverage you no longer need. Older vehicles with low cash value might not need comprehensive and collision coverage, Elkstrom said. Opting for minimal coverage on these vehicles can help you save a lot of money. Newer cars should have full coverage, however. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The New Retirement Problem Boomers Are Facing 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on 6 Ways To Cut Car Insurance Costs, According To Experts
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Definity Financial Corp: TD Cowen Raises Valuation on Acquisition
DeFinity Financial Corporation(DFY:CA) Definity Financial Corp. received a research report from TD Cowen, and analysts raised its 12-month target price to C$78, up from C$72 per share. This revision comes in response to Definity's recent strategic move to acquire the Canadian operations of Travelers Insurance (referred to as Travelers Canada). The acquisition is expected to significantly bolster Definity's market presence and competitive position within Canada's property and casualty (P&C) insurance industry. Travelers Canada brings a complementary book of business, national distribution capabilities, and strong underwriting expertise. This integration is anticipated to enhance Definity's scale, diversify its portfolio, and improve operational efficiencies through synergies and shared services. TD Cowen's analysts highlighted the potential for earnings accretion and margin expansion, noting that the deal aligns well with Definity's growth strategy and long-term objectives. The upgraded price target reflects stronger expected future cash flows and improved valuation metrics post-acquisition. According to forecasts from 8 analysts, the average 12-month target price for Definity Financial Corp is CAD 70.10, with an overall 'Hold' rating. Stock Target Advisor rates the stock as Neutral, based on 5 positive and 6 negative signals. As of the last close, the stock was trading at CAD 73.58. Performance-wise, the stock is down 0.54% over the past week, up 10.20% over the past month, and has gained 71.52% over the past year.
CBS News
11-02-2025
- Health
- CBS News
Minnesota man's free cruise ends with $47,000 medical bill
MINNEAPOLIS — A free cruise turned into a financial nightmare for Mike Cameron, a Minnesota truck driver of 25 years, and his girlfriend, Tamra. The couple won a free cruise with Norwegian Cruise Line and were excited to celebrate Tamra's recent lung cancer recovery. The pair set sail for the week-long trip in early January, but shortly into the week, Cameron got sick. He said he went to the ship's medical center and was diagnosed with the flu. "When I first went in, there was no doubt that I definitely needed some help," Cameron said. After receiving oxygen, Mike said he felt better and asked to return to his room to recover. However, he says he was kept in the medical ward for 62 hours. "I was reassured by their medical secretary that I had nothing to worry about because I had Travelers Insurance," Cameron said. "She said, 'I already looked into it. You've got $20,000 worth of coverage. You'll be fine.'" But when it came time to pay the bill, Cameron was shocked to learn that the total cost of his care was more than $47,000. "I couldn't believe it, to be honest. I still can't believe it," he said. Though Mike and Tamra had purchased Travelers Insurance, their struggles were just beginning. When they went to settle the bill, Mike says the cruise line directed him to first go through his primary health insurance. However, his health insurance didn't cover medical expenses abroad. "As of right now, we have no idea if anything's going to cover it. We don't know," Cameron said. In a statement, Norwegian Cruise Line told WCCO that Mike "received appropriate treatment for his condition" and that "resulting expenses have been reviewed by our internal team." After sharing their experience, Cameron and Tamra have heard from others who have been shocked by expensive medical bills after receiving care on international waters. Cameron now encourages others to double-check their coverage before traveling abroad. "If you're going to another country, you might want to check all this stuff out, your Travelers Insurance, your primary insurance. You just never know," he said. Cameron's daughter has set up a GoFundMe campaign in an attempt to raise funds to cover the medical bill. Cameron and Tamra hope their story serves as a warning to others, and a reminder to always confirm medical coverage and veterinary insurance companies before setting sail.
