New Endorsement Supports Travelers Efforts to Encourage
Environmentally Responsible Behavior
HARTFORD, Conn.--(Business Wire)--
In support of the growing trend toward more efficient and
environmentally friendly building practices, Travelers (NYSE:TRV)
Commercial Property Division today launched its Green Building
Coverage Enhancements for mid-sized businesses. An endorsement to the
standard Deluxe Property Coverage, this new product highlights
Travelers' ability to keep pace with the evolving sustainable building
practices.
"Travelers is pleased to note that a number of federal, state and
local agencies across the country are instituting programs that
encourage, or require, environmentally friendly building practices,"
said Rich Waskiewicz, senior vice president, Travelers Property.
"Today's announcement supports those efforts and our company-wide
initiatives to encourage environmentally responsible behavior."
Travelers' Green Building Coverage Enhancements for mid-sized
businesses promote the use of environmentally friendly building
materials as replacement components following a covered cause or type
of loss. Travelers' Deluxe Property forms are amended to provide the
following additional coverages:
-- Green Building Alternatives - Increased Cost
-- Green Buildings Reengineering and Recertification Expense
-- Vegetative Roofs
-- Green Building Alternatives - Increased Period of Restoration
"Travelers believes that commercial property owners who embrace
'green' technologies are likely to be more risk management-minded,
practicing greater care in building maintenance and operation," said
Michael Klein, president of commercial accounts, Travelers. "We are
excited to introduce this new product, supporting our middle market
customers who implement environmentally friendly initiatives."
For more information on the new coverage enhancements from the
Travelers Commercial Property Division, call your local Travelers
Commercial Accounts office.
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 insurer selling primarily through independent 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, surety and management liability,
global technology and public sector services. Travelers is a Fortune
100 company, with 2007 revenues of $26 billion and total assets of
$115 billion. The company has approximately 33,000 employees.
The content of this release is only for the informational use of
the reader. In no event will Travelers or any of its affiliates be
liable in contract or in tort to anyone who has access to this
information for the accuracy or completeness of the information relied
upon in the preparation of this release. Additionally, information
contained herein does not constitute and shall not be construed to
reflect the adoption of any coverage position by Travelers or any of
its affiliates in connection with any of the topics or considerations
set forth herein.
The Travelers Companies, Inc.
Media Contact:
Jeffrey Weir, 860-277-8692
jsweir@travelers.com
Copyright Business Wire 2008
