Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

St. Paul Travelers cutting New Orleans business

Reprints

ST. PAUL, Minn.—St. Paul Travelers Cos. Inc. plans to stop renewing many small and midsize commercial policies in the New Orleans area next year.

A spokeswoman for the St. Paul, Minn.-based insurer declined to specify how many policyholders would be affected.

The insurer found it had a high concentration of hurricane-prone risks in Louisiana and decided it would redistribute its exposures in the state, she said.

St. Paul Travelers is the second-largest writer of commercial property insurance in Louisiana, with a 7.3% market share, according to the spokeswoman.