  |
||||||
 |
  Products & Services Claim Services Insurance Companies and Brokers Contact Us Insurance Related Links |
 |
 January 6, 2005 St. Paul Travelers Pays Dividend to Independent Community Bank of America Members SAINT PAUL, Minn.--(BUSINESS WIRE)--Jan. 6, 2005--St. Paul Travelers (NYSE:STA) today announced that about 700 members of the Independent Community Bankers of America (ICBA) will share a $905,883 dividend due to their participation in the ICBA/St. Paul Travelers Insurance Program with SelectOne(SM). The 4.9 percent dividend, which applies only to the property and casualty coverages, is the result of efforts by ICBA member banks in managing various insurance exposures in the workplace and reducing insurance claims. This "safety group" dividend is just one feature of the ICBA/St. Paul Travelers Insurance Program with SelectOne, offered to members through independent insurance agents that represent St. Paul Travelers. "We're pleased to be able to offer ICBA members a dividend payout during the 21st anniversary year of our partnership with this organization," said Mark Horton, national director of community banks, St. Paul Travelers. "This insurance program has generated nearly $14.5 million in dividends to ICBA members since its inception in 1983." "This dividend is one of the many benefits members can receive through participation in the ICBA/St. Paul Travelers Insurance Program with SelectOne," said Sam Smith, president and CEO, Century Bank of Bartow County, Cartersville, Ga. "Participants in this program understand and value the importance of safety in the workplace." The ICBA/St. Paul Travelers Insurance Program with SelectOne features the following coverage options: directors and officers liability, bond, bankers professional liability, kidnap and ransom, fiduciary liability, employment practices liability, lender liability, trust errors and omissions liability, Internet liability, general liability, property, workers' compensation and auto liability. Currently, about one-third of ICBA's members purchase one or more of these products through St. Paul Travelers. ICBA members eligible for the dividend should receive a check from their independent agent in early 2005. St. Paul Travelers is a leading provider of insurance and asset management services. For more information, visit www.stpaultravelers.com. CONTACT: St. Paul Travelers, Saint Paul
Media: SOURCE: St. Paul Travelers "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding St. Paul Travelers' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |
 |
||
 |
 |
|||||
 |
|||
 |         |
||