Travelers Announces More Than $100 Million In Commission Payments Amid COVID-19 Pandemic

By John F. Heerdink, Jr.

Oil producer group OPEC and its allies failed to comprehensively secure a deal to take a historic amount of crude off the market on Thursday, after Mexico balked at the suggested production cuts.

As per reports, The Travelers Companies, Inc. (TRV) announced that it is making commission payments to eligible agents and brokers to assist them in addressing the liquidity impacts of the COVID-19 crisis. The company is driving more than $100 million to boost cash flow to its distribution partners when they need it most.

“As so many are facing a significant financial burden due to the COVID-19 pandemic, we want to show our agent and broker partners, many of whom are small business owners, our support at this challenging time,” “Independent agents and brokers not only provide invaluable counsel and care to our customers but also play a critical role in the U.S. economy, and we are committed to standing by them.” stated Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. 

Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page. 

 

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(Read Original Story: https://finance.yahoo.com/news/travelers-distribution-support-plan-financial-155700482.html in Business Wire)


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