Travelers CEO Says ‘Frivolous’ Lawsuits Undermine U.S. Recovery

Travelers Cos. Chief Executive Officer Alan Schnitzer said he’s encouraged by efforts states and the U.S. government are making to create liability protections for businesses dealing with the Covid-19 pandemic.

“We shouldn’t let frivolous lawsuits undermine the nation’s recovery,” Schnitzer said Thursday on a conference call discussing second-quarter results.

Travelers offers liability coverage for businesses, a part of the market that’s taken a hit from lawsuits tied to the pandemic. Chubb Ltd. CEO Evan Greenberg has urged Congress to consider granting limited immunity from Covid-19 suits, except in cases of gross negligence. Senate Majority Leader Mitch McConnell has included temporary ...