St. Paul Travelers Named Preferred Provider by the California Independent Bankers.SAINT PAUL Saint Paul, city (1990 pop. 272,235), state capital and seat of Ramsey co., E Minn., on bluffs along the Mississippi River, contiguous with Minneapolis, forming the Twin Cities metropolitan area; inc. 1854. , Minn. -- St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Travelers (NYSE NYSE See: New York Stock Exchange :STA) today announced that it has been named the preferred provider for bank insurance products by the California Independent Bankers (CIB CIB abbr. Latin cibus (food) ). St. Paul Travelers is now the preferred provider of coverages such as directors and officers liability, property-casualty coverages, financial institution bond, kidnap and ransom ransom, price of redemption demanded by the captor of a person, vessel, or city. In ancient times cities frequently paid ransom to prevent their plundering by captors. The custom of ransoming was formerly sanctioned by law. , employment practices liability, fiduciary liability, and bankers professional liability to the 150 member banks of the CIB. "We're excited to add the CIB to the growing number of Independent Community Bankers of America (ICBA ICBA Independent Community Bankers of America ICBA International Center for Biosaline Agriculture ICBA Instituto Cultural Brasil Alemanha ICBA Independent Community Bankers Association ICBA International Conference on Biometric Authentication ) affiliate members who are choosing to partner with St. Paul Travelers," said Mark Horton, national director of community banks, St. Paul Travelers. "CIB members will be able to access our St. Paul Travelers SelectOne(SM) portfolio of products and participate in the ICBA/St. Paul Travelers Insurance Program which includes a safety group dividend plan." "I've been the executive director of the CIB for 21 years and during that time St. Paul Travelers has been a D&O market for community banks," said Craig Hudson, executive director, CIB. "It's good to know we've got the support of a strong and respected insurance leader in the financial products and services arena who can meet our broad-ranging needs and will be with us in the good times and the bad times." St. Paul Travelers has provided coverage to financial institutions for more than 100 years and is the endorsed carrier of the ICBA. The ICBA/St. Paul Insurance Program has been offered exclusively to ICBA members since 1983. The CIB was founded in the 1980s to provide a unified voice representing and promoting the franchise value of community banks in the California state legislature The California State Legislature is the state legislature of the U.S. state of California. It is a bicameral body consisting of the lower house California State Assembly, with 80 members, and the upper house California State Senate, with 40 members. . The CIB is committed to advocating and safeguarding the unique interests of community banks in California. St. Paul Travelers is a leading provider of property casualty insurance and asset management services. For more information, visit www.stpaultravelers.com. |
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