Insurance: New Hands on the Umbrella

Over the new skyline of Hartford, Conn., hangs a big, bright red umbrella —symbolically, at least. The umbrella is the emblem of the Travelers Insurance Companies, which played a major part in making the skyline possible with a $40 million investment in office buildings, a hotel, a shopping center and garages. In its 100 years, the U.S.'s largest stock insurance company (it is fourth among all insurance firms) has also reshaped the skyline of the $178 billion insurance industry, introducing such firsts as double indemnity and automobile insurance. Last week Travelers did...

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