#Travelers November 4
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on The TRAVELERS Company.
Travelers traces its origins back to 1864 in Hartford, Connecticut, when it was founded by James G. Batterson as a firm specializing in accident insurance, initially offering policies for travel-related incidents. As one of the first companies in the U.S. to offer accident coverage, Travelers quickly expanded, eventually becoming one of the most well-known providers of all types of insurance.
Travelers became part of the Dow Jones Industrial Average (DJIA) on June 8, 2009. It replaced Citigroup as part of the Dow’s efforts to reflect a broader range of industries within the index.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 4th-Travelers
When companies are 164 years old like Travelers they have some interesting stories. Here is one of those historical recollections.
In 1864, Hartford businessman James G. Batterson encountered a local banker, James E. Bolter, at the post office. Bolter had heard that Batterson and others were establishing a company to bring accident insurance to America and was curious about its cost. When he asked Batterson for a quote to insure his short walk home, Batterson replied, “Two cents.” This simple exchange marked the symbolic beginning of The Travelers Companies.
In 2009 the year they joined the Dow the average stock price was $30.79 a share. On November 1, 2024 it was $245.75.
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