St. Paul (NYSE:STA)
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From Jun 2019 to Jun 2024
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.