July 24, 2008

Travelers Wrap+(R) Management Liability Coverage Is the Prescription for Health Care Organizations

The health care industry continues to face new and increased demands and pressures from shareholders, competitors, customers and government entities making claims against directors, officers and trustees. These pressures, coupled with an increasing number of employment-related lawsuits make it imperative for health care organizations to protect their assets and the best interests of their management teams. Travelers (NYSE: TRV) Bond & Financial Products has responded with its launch of Wrap+ for Health Care Organizations for new and existing health care customers.

"As health care organizations face more litigation than ever, it is essential they establish a comprehensive and effective insurance plan with flexible options to protect themselves, while gaining confidence and peace of mind that support is available when and if it is needed," said Eric Kachel, vice president of Travelers Bond & Financial Products Program Group. "Travelers Wrap+ for Health Care Organizations is the prescription for the health care industry's management liability needs."

Modular by design, flexible in practice and robust in scope, Wrap+ for Health Care Organizations tailors directors and officers liability and employment practices liability coverage modules, with features unique to the health care industry, to the smallest health care practice or the largest hospital system.

Managed and administered by G.J. Sullivan Co., Wrap+ for Health Care Organizations offers comprehensive coverage options within the form with limits up to $25 million subject to underwriting guidelines, and is available in most states.

Elements of this coverage include:

-- An option to select an additional defense Limit of Liability that responds first to preserve the base Limit of Liability;

-- Spousal Coverage that includes domestic partners;

-- Automatic coverage provided for majority-owned subsidiaries formed or acquired during the policy period when their assets are less than 25 percent of the total assets of the insured organization;

-- Defense expense coverage for foreign parent corporations for their vicarious liability when named jointly in a lawsuit with a Travelers Insured, as long as the corporation and Travelers Insured use the same legal counsel to defend them.

-- A defense option to select duty to defend or reimbursement coverage at policy inception; and much more.

Organizations that take advantage of the new Wrap+ for Health Care Organizations can also access other Wrap+ coverages including fiduciary liability, crime, kidnap & ransom and identity fraud expense reimbursement coverage.

One more benefit to customers is the availability of Risk Management PLUS+ Online(R) (www.rmplusonline.com), a Web site that has been recently enhanced to provide customers access to even more risk management articles, training programs and tools on employment practices, professional liability, fiduciary liability, directors & officers (D&O) liability, crime, kidnap & ransom and identity fraud expense reimbursement.

Wrap+ for Health Care Organizations is offered to qualifying organizations that provide direct medical services to patients such as hospitals and health systems, clinics and physician groups, hospice and home health care centers, behavioral and mental health facilities and more.

About Travelers

Travelers understands that life and business are inherently dynamic and that the best way to serve agents, brokers and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.com.

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurance company selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of insurance coverage in both the personal and commercial settings, including auto, homeowners, construction, small business, oil and gas, ocean marine, surety and management liability, global technology and public sector services. Travelers is a Fortune 100 company, with 2007 revenues of approximately $26 billion. The company has more than 33,000 employees.