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The Travelers Institute to Premiere “Overdraft,” Documentary About National Debt Crisis, in Charlotte, NC

Leading Voices in Economics, Business and Politics Discuss Impact and Possible Solutions

WASHINGTON--(BUSINESS WIRE)--Jun. 11, 2012-- President Bill Clinton, Governor Mitch Daniels, Senators Judd Gregg and Kent Conrad, Mayor Cory Booker and Former OMB and CBO Directors Alice Rivlin and Peter Orszag are among the government, business and community leaders who offer their perspectives on America’s debt crisis and its implications for the nation’s future in “Overdraft,” a new documentary that will be premiered on June 11, 2012, at The Mint Museum in Charlotte, N.C. The Travelers Institute has underwritten the documentary, produced by Susie Films, with WTVI-TV, the Charlotte PBS affiliate. WTVI will air the one-hour film on June 18, 2012, at 8 p.m. EDT. A national distribution schedule will be announced later this summer.

“The inevitable impact of demographic trends in the U.S. will result in additional federal spending of $1 trillion more in 2020 than today's level. Absent action, the cumulative effect of this trend has the ability to significantly compromise America's future,” said Jay Fishman, Chairman and CEO of The Travelers Companies, Inc., who shares his views in the documentary. “‘Overdraft’ will give viewers a better understanding of the deficit’s critical implications, both in their daily lives and for continued U.S. economic competitiveness, and highlights the choices that will have to be made to enable our country to continue to prosper. I benefited tremendously from the American opportunity and feel a deep sense of responsibility for preserving it for future generations.”

As an advocate for economic opportunity, Travelers has joined forces with some of the leading public minds on this topic to raise Americans’ awareness of this pressing issue, discuss ways to manage the problem, and motivate individuals to participate in the ongoing economic debate.

“WTVI is pleased to have been a part of this documentary, which should be seen by every American. The subject is probably the biggest threat to our nation in our lifetime and we need to figure a way out sooner rather than later,” said Elsie Garner, President of WTVI.

The producer for “Overdraft” is Scott Galloway, founder of Susie Films, which has produced more than 650 television programs for networks including ABC, History Channel, A&E, Court TV, ESPN, Food Network, HGTV, and the Travel Channel. Highlights of Galloway’s television career include “America's Castles,” “Crime Stories,” “The Greatest Trials of All Time,” and the New York Film and Television Award-winning documentary “The Scottsboro Boys.” He also directed and produced the feature-length documentaries “A Man Named Pearl” and “Children of All Ages.”

To see a trailer of “Overdraft” and Jay Fishman’s “100 Words” on his family’s American Opportunity story, visit www.TravelersInstitute.org.

About the Travelers Institute

The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), engages in discussion and analysis of public policy topics of importance to the insurance marketplace and the financial services industry. The Travelers Institute draws upon the industry expertise of Travelers' senior management and the technical expertise of many of Travelers' underwriters, risk managers and other experts to provide information and analysis to public policy makers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit www.travelers.com.

Source: The Travelers Companies, Inc.

The Travelers Companies, Inc.
Jennifer Wislocki, 860-277-7458
jwislocki@travelers.com
Ashley Maagero, 860-277-2954
amaagero@travelers.com

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