News & Press Releases
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Crittenden
reviews Allen Financial National Janitorial Program, March 12, 2007 |
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Travelers
Agribusiness Offers Customers Expanded Coverage For Their High Value Homes |
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Travelers Offers Enhanced Identity Theft Protection,
August 25, 2005 |
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St. Paul Travelers
Entertainment appoints Allen Financial Insurance Group,
April 1, 2005 |
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Crittenden reviews The
Equestrian Group,
February
21, 2005 |
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AFIG Teams Up
With Insurance Marketing & Management Services, August 16, 2004 |
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St. Paul Travelers Announces
Formation Of National Entertainment Business Unit, August 10, 2004 |
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St Paul Travelers Merger Complete,
April 1, 2004 |
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American
Reliable appoints Allen Financial as national MGA,
December 15, 2003 |
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Zurich
North America Small Business Introduces Business Finance Center,
October 21, 2002 |
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Travelers
Property Casualty announces completion of its spin-off by Citigroup, August
20, 2002 |
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Safeco's new
auto Product driving substantial new business growth,
June 4, 2002 |
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Travelers
Insurance Group appoints Allen Financial Insurance Group as national
agribusiness MGA, October 2, 2000 |
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American Equestrian Alliance re-domesticates from AZ to CO as American Equestrian Alliance,
Inc., June 21, 2000 |
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Travelers Agribusiness Offers Customers
Expanded Coverage For Their High Value Homes |
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HARTFORD, Conn.--(BUSINESS WIRE)--Aug. 15, 2006--
New Endorsement Provides Protection for
Dwellings with a Replacement Cost Starting at $1,000,000
Travelers announced today that it now
provides expanded coverage for the High Value Homes enjoyed by many of its
farm, ranch or winery customers. This new endorsement can also be combined
with Travelers' newly enhanced Farm-Ranch Amendatory Endorsement, which
offers increased coverage for household personal property.
Brad Bowman, Vice President, Travelers
Agribusiness, said, "We recognize the increased exposures that exist for
many gentleman farm owners, horse owners and winery owners who reside in
larger, higher-end homes on their property. This new endorsement was
developed to be in-synch with their unique insurance needs. We are very
pleased to offer such a feature-rich package of coverage offerings to our
agribusiness clients."
The new High Value Dwelling Endorsement
covers a variety of exposures including:
- Replacement cost coverage on the
dwelling up to 125% of current insurance limit;
- Ordinance or law coverage up to an
additional 30% of the dwelling limit;
- Increased limits for private garages;
- Credit and fund transfer cards, forgery,
and counterfeit currency up to $10,000;
- Electronic data and restoration coverage
up to $2000.
Customers may now extend their coverage
further through an enhanced Travelers Farm-Ranch Amendatory Endorsement.
This endorsement includes increased coverage for the following: trees and
shrubs; gold, money, platinum and silver; watercraft; grave markers; and new
construction at the insured location, which has more than doubled - from
$100,000 to $250,000. Travelers Identity Fraud Expense coverage endorsement
can also be |
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August 25, 2005,
Travelers Offers Enhanced Identity Theft Protection |
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HARTFORD, Conn.--(BUSINESS WIRE)--Aug. 25, 2005
In response to the growing concern about
identity theft, Travelers personal lines, a member of St. Paul Travelers (NYSE:STA),
announced today significant enhancements to its identity theft protection
program, including a new resolution service and expanded expense
reimbursement coverage.
Travelers now offers resolution services that
provide identity theft victims with the help they need. A consumer fraud
specialist will guide them through the steps of reclaiming their identity
and repairing their damaged financial history, including ordering credit
reports, alerting credit reporting agencies, enrolling customers in six
months of daily credit monitoring, and preparing dispute letters on the
customers' behalf.
In addition, the expense reimbursement
coverage have been expanded in several ways:
- Increased coverage limit from $15,000 to
$25,000;
- Eliminated deductible;
- Increased coverage for lost wages to up
to $1,000 per week for a maximum of five weeks;
- Added reimbursement for daycare and
eldercare expenses.
Other covered expenses include:
- Notary and certified mail charges for
completing and delivering fraud affidavits;
- Fees to re-apply for loans that were
denied due to erroneous credit information due to the identity theft;
- Long distance telephone charges for
calling merchants, law enforcement agencies or credit grantors to
discuss an act of identity theft;
- Attorney fees incurred, with Travelers'
prior consent.
Joseph P. Lacher Jr., executive vice
president of St. Paul Travelers and CEO of Travelers, said, "Helping our
customers protect their assets is a responsibility we take very seriously.
Since pioneering identity fraud expense reimbursement insurance in 1999, we
have seen identity theft become the fastest growing white collar crime in
America. Knowing it takes numerous hours and thousands of dollars to get
your identity back, we felt it was important to enhance our coverage to help
customers restore their good name and financial reputation as quickly as
possible."
Offered as an endorsement to a Travelers
homeowners, condo or renters policy for only $25 per year, the enhanced
identity theft coverage will be available in most states by September.
St. Paul Travelers also offers identity fraud
expense reimbursement coverage to financial institutions or other commercial
businesses that purchase a master policy on behalf of their account holders
or customers, or for use as an employee or membership benefit offering.
About Allen Financial Insurance Group.
Allen Financial Insurance
Group is the one of nation's
largest and fastest growing
underwriters of Equestrian,
Agribusiness, Entertainment
and Recreation insurance products and
services. AFIG is widely know for it's specialty underwriting
division The Equestrian Group that has provided equestrian insurance
products and services through it's national network of insurance producers
since 1971. As a St Paul Travelers and Assurant Group MGA, Allen
Financial offers
real-time, underwritten quotes to its national network of retail insurance
agencies. AFIG can also service the needs of agents and brokers with
several non-admitted specialty markets. For more information, visit
www.eqgroup.com.
About St. Paul
Travelers
St. Paul Travelers is a leading provider of
commercial property-liability insurance and asset management services. Under
the Travelers brand, the company is also a leading underwriter of homeowners
and auto insurance through independent agents. The company has a current
market capitalization of approximately $27 billion. For more information,
visit www.stpaultravelers.com. |
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St.
Paul Travelers Entertainment appoints Allen Financial Insurance Group |
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PHOENIX, AZ.--(BUSINESS WIRE)--April 1, 2005
Allen Financial
Insurance Group announced the formation of a
dedicated national business unit that will work with
retail agents and brokers to provide property and
casualty insurance to the entertainment industry
including film, television, music and stage
productions. Brent Allen, President of Allen
Financial commented "This new partnership between
St. Paul Travelers and our Entertainment &
Recreation Unit to be known as AFIG Entertainment
will allow us to offer unmatched product and
services to the entertainment industry".
About Allen Financial Insurance Group.
Allen Financial Insurance
Group is the one of nation's
largest and fastest growing
underwriters of Equestrian,
Agribusiness, Entertainment
and Recreation insurance products and
services. AFIG is widely know for it's specialty underwriting
division The Equestrian Group that has provided equestrian insurance
products and services through it's national network of insurance producers
since 1971. As a St Paul Travelers and Assurant Group MGA, Allen
Financial offers
real-time, underwritten quotes to its national network of retail insurance
agencies. AFIG can also service the needs of agents and brokers with
several non-admitted specialty markets. For more information, visit
www.eqgroup.com.
About St. Paul
Travelers
St. Paul Travelers is a leading provider of
commercial property-liability insurance and asset management services. Under
the Travelers brand, the company is also a leading underwriter of homeowners
and auto insurance through independent agents. The company has a current
market capitalization of approximately $27 billion. For more information,
visit www.stpaultravelers.com. |
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St. Paul Travelers Announces Formation Of
National Entertainment Business Unit |
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SAINT PAUL, Minn.--(BUSINESS WIRE)--Aug. 10, 2004--St. Paul Travelers (NYSE:STA)
today announced the formation of a dedicated national business unit that
will work with retail agents and brokers to provide property and casualty
insurance to the entertainment industry, including film, television, music
and stage productions.The new
Entertainment Unit includes the combination of Gulf Insurance Group's
specialized entertainment division with St. Paul Travelers' existing
entertainment program written through Encore Entertainment Insurance
Services, LLC, the Los Angeles-based managing general agency. This
combination strengthens St. Paul Travelers' position as the leader in the
entertainment insurance industry. Gulf and Encore professionals will join
St. Paul Travelers and work to ensure ongoing exceptional service for
customers as well as agents and brokers.
"St. Paul Travelers' Entertainment Unit
brings together the tremendous experience and talent of both Encore and
Gulf," said Peter Higgins, president and chief executive officer--Commercial
Accounts. "This combination reinforces our commitment as the 'go-to'
insurance market for the entertainment industry, offering unmatched
expertise, broad product offerings and dedicated underwriting, risk control
and claim capabilities."
About St. Paul
Travelers
St. Paul Travelers is a leading provider of
commercial property-liability insurance and asset management services. Under
the Travelers brand, the company is also a leading underwriter of homeowners
and auto insurance through independent agents. The company has a current
market capitalization of approximately $27 billion. For more information,
visit www.stpaultravelers.com. |
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AFIG Teams Up With IMMS |
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SCOTTSDALE, AZ,
(Press Release)--Monday August 16, 2004--Allen Financial Insurance Group (AFIG)
today announced that they have joined forces with Insurance Marketing &
Management Services (IMMS) - the industry's leading provider of marketing
and management information to insurance professionals. AFIG will
provide IMMS agents with agribusiness and equestrian insurance products
through internationally known insurers such as St Paul Travelers and the Assurant Group. Brent Allen, President of Allen Financial stated "I am
very enthusiastic about this new marketing partnership. AFIG and IMMS
have both been serving the independent agent for over twenty years.
Now our agents and underwriters can form an unbeatable insurance team
offering farm/ranch and equestrian clients some of the highest quality products available".
IMMS's 4,000 independent agents and brokers will
automatically become part of the AFIG Preferred Producer program giving them
automated underwriting tools and a streamlined process for conducting their
insurance transactions with both consumers and carriers. The AFIG
website portal provides agents quick and easy access to company information,
underwriting forms, risk management guidelines and an overview of its custom
insurance solutions at www.eqgroup.com.
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About Insurance Marketing
Management Services IMMS is
headquartered in Los Angeles, and provides some 200 products, services, and
publications to insurance professionals throughout the United States and
Canada
About Allen Financial Insurance Group.
Allen Financial Insurance Group is the one of nation's largest and fastest
growing underwriters of farm, ranch, agribusiness and equestrian insurance products and
services. AFIG is widely know for it's specialty underwriting
division The Equestrian Group that has provided equestrian insurance
products and services through it's national network of insurance producers
since 1971. As a St Paul Travelers and Assurant Group MGA, Allen
Financial offers
real-time, underwritten quotes to its national network of retail insurance
agencies. AFIG can also service the needs of agents and brokers with
several non-admitted specialty markets. |
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asualty,
Voyager Indemnity and American Bankers Insurance Company of Florida are part
of |
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St. Paul Travelers Merger Complete |
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SAINT
PAUL, Minn.--(BUSINESS WIRE)--April 1, 2004--St. Paul Travelers today
completed the merger that combines The St. Paul Companies (NYSE:SPC) and
Travelers Property Casualty Corp. (NYSE:TAP.A and TAP.B). Beginning tomorrow
morning, April 2, 2004, St. Paul Travelers Companies stock will be listed on
the New York Stock Exchange under the symbol "STA."
The combined company is
uniquely positioned as the commercial insurer of choice for independent
agents and brokers across the United States. The company also offers
homeowners, auto and other insurance products for individuals and families
under the highly regarded Travelers brand.
"This combination of
two industry leaders positions us to better fulfill our commitment to serve
independent agents and brokers and our insured customers," said Jay S.
Fishman, Chief Executive Officer of St. Paul Travelers. "We are grateful for
the strong support for this merger demonstrated by shareholders, agents,
brokers, employees and the communities we serve. We are excited to now move
forward as one entity that has the experience and resources of both
companies, coupled with an unsurpassed breadth of insurance products."
"St. Paul Travelers
brings together the best of both companies, including skilled and dedicated
employees with similar performance-based cultures and underwriting skills.
The merger also creates a stronger national distribution network across all
product lines," said Robert I. Lipp, Chairman of St. Paul Travelers. "We
look forward to exploring the expanded opportunities available to the
independent agents and brokers we serve, created through St. Paul Travelers'
broad product array and our continued appetite for growth."
About St. Paul
Travelers
St. Paul Travelers is a leading provider of
commercial property-liability insurance and asset management services. Under
the Travelers brand, the company is also a leading underwriter of homeowners
and auto insurance through independent agents. The company has a current
market capitalization of approximately $27 billion. For more information,
visit www.stpaultravelers.com. |
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American Reliable appoints Allen Financial as
national MGA |
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SCOTTSDALE, AZ, (Press
Release)--Wednesday December 15, 2003--American Reliable Insurance Company, a member of the
the Assurant Group has appointed Allen Financial Insurance Group as a
national general agent to market their agribusiness insurance products and
services throughout the United States. Founded in 1971 and based in
Phoenix, Arizona, Allen Financial is best known in the agribusiness
community for it's equine insurance subsidiary The Equestrian Group.
The Equestrian Group
writes policies covering horses,
farm owners, trainers, riding instructors, riding clubs, equestrian
facilities and special events. Brent Allen, President of Allen
Financial stated "This new partnership will allow us to offer
clients a broader scope of agribusiness products and services on a national
scale. Over the years we have witnessed American Reliable's ingenuity and
commitment to the farm community and are extremely proud of this new
relationship". |
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About American Reliable
American Reliable and American Bankers Insurance of Florida are part of
Assurant Solutions, a leading provider of specialty risk management products
and services throughout North America, the Carribean, South America and part
of Europe. American Reliable has experience continued growth of assets
and premium for over 50 years. The Company was acquired by American
Bankers of Florida in 1984. Fortis, Inc. (now Assurant) acquired
purchased ABIG in 1999 who combined ABIG with other subsidiaries and
operates as Assurant, Inc. formed through a 2 billion dollar public
offering on the New York Stock Exchange.
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asualty,
Voyager Indemnity and American Bankers Insurance Company of Florida are part
of |
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Zurich
North America Small Business Introduces Business Finance Center |
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SCHAUMBURG, IL,
October 21, 2002 -- Zurich North America Small Business (ZSB), today
announced the introduction of the Business Finance Center (BFC), a
customized online commercial lending marketplace for small business loans,
commercial real estate loans and equipment lease financing. Provided through
a strategic alliance with a leading provider of financing solutions on the
Internet, the BFC is available to customers exclusively by referral from
ZSB's national network of independent insurance agents.
The BFC is a revenue-generating customer
service tool that enables ZSB's agents to provide all of their commercial
customers with access to commercial financing from multiple lenders through
a single application. Financing from $5,000 up to $500 million is available
through the BFC.
"The Business Finance Center is set up as a win-win opportunity for both
insurance agents and their customers," said Bob Coppersmith, vice president
of financial services products for Zurich North America Small Business.
"Agents can refer their commercial customers from either the Business
Finance Center information page or from a link added to the agency's own web
site. Once a referral is made, the customer can then submit a single
financing request to multiple lenders right from their desktop computer.
The BFC gives their customers easy online access to competitive rates and
terms and the agencies an opportunity to earn more income while providing
customers with a valued service."
Using the Business Finance Center, businesses can access more than 200
lenders, including banks, Wall Street firms, insurance companies, finance
companies, other financial institutions and private investors. Loan
applicants remain anonymous throughout the entire application process, and
only winning lenders receive customer contact information. In addition, the
Business Finance Center allows applicants to specify loan preferences and
control certain aspects of the process, including the proposal deadline and
whether a lender may view proposals from other lenders |
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Travelers Property
Casualty Announces Completion of its Spin-Off by Citigroup
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Hartford, CT – Aug. 20, 2002 –
Travelers Property Casualty Corp. (NYSE: TAP.A and TAP.B) announced that
Citigroup has completed the spin-off of Travelers Property Casualty by
distributing today 219,050,000 shares of Travelers class A common stock and
450,050,000 shares of Travelers class B common stock, owned by Citigroup.
After the close of trading on the New
York Stock Exchange today, Citigroup stockholders of record on August 9,
2002, were issued a combination of 0.0432043 of a share of Travelers class A
common stock and 0.0887656 of a share of Travelers class B common stock for
each share of Citigroup common stock held. Cash will be paid in lieu of
fractional shares.
As a result of the distribution,
Citigroup currently holds approximately 49.95 million shares of Travelers
class A common stock and approximately 49.95 million shares of Travelers
class B common stock, representing 9.99% of the outstanding shares of
Travelers common stock and 9.99% of the outstanding voting power of
Travelers. About
Travelers Property Casualty
Travelers Property Casualty (NYSE: TAP.A and TAP.B) is
a leading provider of a wide range of insurance products. Travelers is the
third largest commercial lines insurer, providing a broad range of insurance
products including workers' compensation, integrated disability, property,
liability, specialty lines, surety bonds, inland/ocean marine, and boiler
and machinery. The company is the second largest writer of homeowners and
auto insurance through independent agents. |
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SAFECO’S new auto Product driving substantial new
business growth |
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SEATTLE — (June 4,
2002) — One month after launching its new auto insurance product, SAFECO (Nasdaq:
SAFC) is seeing the results it expected: a substantial increase in new
business. The new product more than doubles SAFECO’s auto market reach and
will help the company achieve the long-term goal of becoming a top-five
national writer of auto insurance. The
new product debuted in Arizona, Utah and South Carolina in April. Agents
there have offered SAFECO auto insurance quotes to their customers three
times more often than before its introduction, with new-policy sales up over
40 percent in each state.
On May 30, SAFECO launched the new product in
five additional states: Connecticut, Kansas, Indiana, Idaho and Wisconsin.
The rollout will continue in several more states each month until the
product is launched in all 44 states where SAFECO does business.
“This is a bold statement of SAFECO’s focus
on growth and profitability,” noted SAFECO Personal Lines President Mike
LaRocco . “Early agent feedback on the new product is very encouraging. We
believe our vision of providing the market a blend of new products, new
technology and our independent agents’ skill in serving customers gives us a
distinct advantage.
“My first priority when I came to SAFECO last
year was to make sure we offered the best products in the industry, backed
by our reputation for quality customer service,” LaRocco said. “The launch
of the new auto product is proof that we are on the road to fulfilling that
promise. This puts us in the right market position for robust growth in
business and revenues.”
The new auto product brings together three
markets – preferred, standard and non-standard – into one model and thereby
expands SAFECO’s market reach from 40 to 95 percent. This marks the first
time the company has offered non-standard auto insurance under the SAFECO
brand.
SAFECO, in business since 1923, is a Fortune
500 company based in Seattle that sells insurance and related financial
products through more than 17,000 independent agents and financial advisors. |
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Travelers Insurance Group appoints Allen
Financial Insurance Group as national agribusiness general agent. |
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PHOENIX--(Press
Release)--Monday October 2, 2000--Travelers Insurance Group has appointed
Allen Financial Insurance Group as a national general agent to market it's
agribusiness insurance products and services. Founded in 1971 and
based in Phoenix, Arizona, Allen Financial is best known in the agribusiness
community for it's equine insurance subsidiary The Equestrian Group.
The Equestrian Group
writes policies covering horses,
farm owners, trainers, riding instructors, riding clubs, equestrian
facilities and special events. Brent Allen, President of Allen
Financial stated "this is a major strategic alliance for both companies.
Traveler's premium product line combined with Allen Financial's underwriting
and marketing background will create one of the best agribusiness delivery
systems in the United States".
About Travelers Property Casualty
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American Equestrian Alliance re-domesticates from
Arizona to Colorado as American Equestrian Alliance, Inc. |
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DENVER--(Press Release)--June
21, 2000-- Today, the American Equestrian Alliance,
a national association of horse owners, trainers, stables, farms,
ranches and equestrian related businesses,
re-domesticated from Arizona to Colorado as a Colorado corporation. Founded
in 1989, American Equestrian Alliance was established to promote equestrian
activities, support equine legislation, distribute educational literature
and operate as an insurance safety group for it's membership. Theresa
Tamburri,
Executive Director of the association, stated "the AEA board of directors
decided to re-incorporate the Association in Colorado because of the states
progressive attitude toward equestrian legislation, association risk
purchasing groups and land use". Alliance membership has now expanded to
include all fifty states and Canada. |
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