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The insurance sector has had its share of woes, due to some companies dabbling in securities that perhaps they shouldn't have. But that does not mean there aren't bargains out there for moderate-risk investors, and with the aforementioned in mind, The Travelers Companies (NYSE: TRV) is worth a review. Although both the underwriting and investment climates will remain a tough road up ahead, Wall Street has once again inordinately taken down a company's shares. The Travelers' actions to improve underwriting results and to capitalize on the flight-to-quality in property-casualty insurance market are not fully-reflected in TRV's shares -- not with a p/e of 9.
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