Press Release Details

SAINT PAUL, Minn.--(BUSINESS WIRE)--

Travelers announced today the launch of a new online cargo special policy system that simplifies the process of communicating policy terms and conditions to overseas customers.

Special policies provide negotiable evidence of insurance and are often required in international trade transactions. The new online system ensures that the special policy terms mirror the terms in the customer's cargo policy.

"When a cargo shipment suffers a loss overseas, the customer needs certainty about the insuring terms and conditions that apply to that shipment. The special policy also gives the customer the appropriate information to file a claim - and that is critical in today's complex international trade environment," said Scott Beebe, Ocean Marine cargo practice leader for Travelers.

Customers, agents and freight forwarders will have immediate and worldwide access to the issuance of ocean cargo special policies. In addition to customized insuring conditions for complex accounts, the new online system's features and benefits include:

    --  Faster approval of shipments to restricted areas through an
        automatic review process for Office of Foreign Asset Control
        (OFAC) regulations;

    --  An improved tracking of shipments through a "void" option; and

    --  A feature that allows previously issued special policies to be
        copied and modified for subsequent shipments.

Travelers' new ocean cargo special policy issuance system can be accessed at www.travelers.com/oceanmarine/cargocerts. To facilitate the transition to the new system, the prior system will be available until February 2, 2007. After that date, documents issued in the prior system can be viewed in the new system.

About Travelers

Travelers believes that life and business are inherently dynamic and that the best way to serve agents and policyholders is to provide insurance that helps them stay in-synch with their lives. For more information on being in-synch, visit www.travelers.com.

Travelers is a business of The St. Paul Travelers Companies, Inc. (NYSE:STA), a leading property casualty insurer selling primarily through 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.

Source: Travelers