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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