St. Paul (NYSE:STA)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more St. Paul Charts. Click Here for more St. Paul Charts.](/p.php?pid=staticchart&s=NY%5ESTA&p=8&t=15)
Effective absence management programs have multiple workplace benefits
including workers compensation, short-term and long-term disability, and
Family and Medical Leave Act (FMLA) administration managed through an
integrated service. Therefore, MetLife and Travelers are pleased to
announce the renewal of their agreement to offer Synchrony®
absence management services.
Synchrony combines group disability insurance and FMLA
administration from MetLife with workers compensation insurance and
claim administration services from Travelers to deliver one, integrated
approach that can help companies better manage employee absences whether
due to occupational or non-occupational events and assist employees in
returning to work as soon as medically appropriate. First offered by the
two companies in 1998, Synchrony programs currently cover more
than 180,000 employees.
“MetLife is pleased to reaffirm our
relationship with Travelers. The Synchrony offering provides
affected employees with individually customized action plans and case
management which, in turn, can help employers’
achieve their employee satisfaction and retention objectives,”
says Michael Fradkin, vice president, MetLife Disability. “The
integrated claim and absence management services can also help employers
decrease their direct and indirect costs for employee absences.”
According to Bill Malugen, president of Travelers National Accounts
business, “Synchrony is an example of
our continued investment in claim administration services designed to
help customers achieve the best possible outcomes by integrating service
delivery and focusing on shared objectives.”
Key features of the Synchrony model include:
Two customer leaders for each Synchrony customer —
a disability point person and a workers compensation point person –
to help implement and manage programs;
Experienced claim and medical specialists collaborate on case
management and return-to-work plans;
A single, Travelers nurse lead for all concurrent occupational and
non-occupational claims;
“Real-time” data
availability, Web- based tools for file review and electronic access
to reports;
Claim reporting over the phone or internet 24 hours a day/7 days a
week;
Integrated workers compensation and disability claim outcome reporting
delivered to customers.
For more information about Synchrony services visit www.insynchrony.com.
MetLife is the number one group disability insurer based on new sales
premiums and equivalents, as of year-end 2005. MetLife’s
group disability income insurance programs provide comprehensive
coverage and flexible solutions that are valuable to both employees and
employers.
MetLife is a subsidiary of MetLife, Inc. (NYSE:MET), a leading provider
of insurance and financial services with operations throughout the U.S.
and the Latin America, Europe and Asia Pacific regions. Through its
domestic and international subsidiaries and affiliates, MetLife, Inc.
reaches more than 70 million customers around the world and MetLife is
the largest life insurer in the U.S. (based on life insurance in-force).
The MetLife companies offer life insurance, annuities, auto and home
insurance, retail banking and other financial services to individuals,
as well as group insurance, reinsurance and retirement and savings
products and services to corporations and other institutions. For more
information, please visit www.metlife.com.
Travelers is a business of The St. Paul Travelers Companies, Inc.
(NYSE:STA), a leading property casualty insurer selling primarily
through independent agents and brokers. The company’s
diverse business lines offer its global customers a wide range of
coverage in both the personal and commercial settings, including
automobile, homeowners, construction, small business, oil and gas, ocean
marine, financial and professional services, global technology and
public sector services. St. Paul Travelers is ranked 85 in the Fortune
500, with 2005 revenues of $24.4 billion and total assets of $113.2
billion. The company has approximately 32,000 employees.
Synchrony® is integrated absence
management, which includes group disability insurance or services from
MetLife, workers compensation or services from The Travelers Indemnity
Company and/or its property casualty affiliates, and may include family
and medical leave administration from MetLife. Synchrony is a registered
trademark of Travelers Insurance Group Holdings Inc., and MetLife.
Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY
10166. Travelers Insurance Group Holdings Inc., One Tower Square,
Hartford, CT, 06183.
Effective absence management programs have multiple workplace
benefits including workers compensation, short-term and long-term
disability, and Family and Medical Leave Act (FMLA) administration
managed through an integrated service. Therefore, MetLife and
Travelers are pleased to announce the renewal of their agreement to
offer Synchrony(R) absence management services.
Synchrony combines group disability insurance and FMLA
administration from MetLife with workers compensation insurance and
claim administration services from Travelers to deliver one,
integrated approach that can help companies better manage employee
absences whether due to occupational or non-occupational events and
assist employees in returning to work as soon as medically
appropriate. First offered by the two companies in 1998, Synchrony
programs currently cover more than 180,000 employees.
"MetLife is pleased to reaffirm our relationship with Travelers.
The Synchrony offering provides affected employees with individually
customized action plans and case management which, in turn, can help
employers' achieve their employee satisfaction and retention
objectives," says Michael Fradkin, vice president, MetLife Disability.
"The integrated claim and absence management services can also help
employers decrease their direct and indirect costs for employee
absences."
According to Bill Malugen, president of Travelers National
Accounts business, "Synchrony is an example of our continued
investment in claim administration services designed to help customers
achieve the best possible outcomes by integrating service delivery and
focusing on shared objectives."
Key features of the Synchrony model include:
-- Two customer leaders for each Synchrony customer -- a
disability point person and a workers compensation point
person - to help implement and manage programs;
-- Experienced claim and medical specialists collaborate on case
management and return-to-work plans;
-- A single, Travelers nurse lead for all concurrent occupational
and non-occupational claims;
-- "Real-time" data availability, Web- based tools for file
review and electronic access to reports;
-- Claim reporting over the phone or internet 24 hours a day/7
days a week;
-- Integrated workers compensation and disability claim outcome
reporting delivered to customers.
For more information about Synchrony services visit
www.insynchrony.com.
MetLife is the number one group disability insurer based on new
sales premiums and equivalents, as of year-end 2005. MetLife's group
disability income insurance programs provide comprehensive coverage
and flexible solutions that are valuable to both employees and
employers.
MetLife is a subsidiary of MetLife, Inc. (NYSE:MET), a leading
provider of insurance and financial services with operations
throughout the U.S. and the Latin America, Europe and Asia Pacific
regions. Through its domestic and international subsidiaries and
affiliates, MetLife, Inc. reaches more than 70 million customers
around the world and MetLife is the largest life insurer in the U.S.
(based on life insurance in-force). The MetLife companies offer life
insurance, annuities, auto and home insurance, retail banking and
other financial services to individuals, as well as group insurance,
reinsurance and retirement and savings products and services to
corporations and other institutions. For more information, please
visit www.metlife.com.
Travelers is a business of The St. Paul Travelers Companies, Inc.
(NYSE:STA), a leading property casualty insurer selling primarily
through independent agents and brokers. The company's diverse business
lines offer its global customers a wide range of coverage in both the
personal and commercial settings, including automobile, homeowners,
construction, small business, oil and gas, ocean marine, financial and
professional services, global technology and public sector services.
St. Paul Travelers is ranked 85 in the Fortune 500, with 2005 revenues
of $24.4 billion and total assets of $113.2 billion. The company has
approximately 32,000 employees.
Synchrony(R) is integrated absence management, which includes
group disability insurance or services from MetLife, workers
compensation or services from The Travelers Indemnity Company and/or
its property casualty affiliates, and may include family and medical
leave administration from MetLife. Synchrony is a registered trademark
of Travelers Insurance Group Holdings Inc., and MetLife. Metropolitan
Life Insurance Company, 200 Park Avenue, New York, NY 10166. Travelers
Insurance Group Holdings Inc., One Tower Square, Hartford, CT, 06183.