St. Paul Travelers Pays Policyholder Dividend to Independent Community Bankers of America Members
January 10 2007 - 11:00AM
Business Wire
St. Paul Travelers (NYSE:STA) today announced that 936 members of
the Independent Community Bankers of America (ICBA) will share a
$3,154,946 policyholder dividend due to their participation in the
ICBA/St. Paul Travelers Insurance Program with SelectOneSM. The
12.9 percent policyholder dividend, which applies only to 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 policyholder dividend payout during the 21st
anniversary year of our partnership with this organization,� said
Gary Erickson, vice president of Financial Institutions, St. Paul
Travelers. �This insurance program has generated nearly $19.0
million in policyholder dividends to ICBA members since its
inception in 1983.� �This policyholder 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
policyholder dividend should receive a check from their independent
agent in early 2007. St. Paul Travelers is a leading provider of
property casualty insurance. For more information, visit
www.stpaultravelers.com.
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