Travelers Supports Targeted Insurance Regulatory Reform Bills Passed by House Committee

SAINT PAUL, Minn.--(Business Wire)--
The Travelers Companies, Inc. (NYSE: TRV) today announced its
support for two important pieces of legislation passed today by the
Capital Markets, Insurance and Government Sponsored Enterprises
Subcommittee. The legislation is the product of the Subcommittee
leadership, Chairman Paul Kanjorski and Ranking Member Deborah Pryce.
They have been working diligently with their colleagues in Congress to
move bipartisan reform proposals.

H.R. 5840, the Insurance Information Act of 2008, creates an
office within the Department of Treasury that will serve as the
principal advisor to the President and Congress on domestic and
international insurance policy issues. This office will assist the
federal government in its understanding of the increasingly global
insurance industry and bring important uniformity to U.S. insurance
international trade and regulatory policy.

H.R. 5611, the National Association of Registered Agents and
Brokers Reform Act of 2008, builds on the successful reforms contained
in the landmark Gramm-Leach-Bliley Act of 1999 designed to provide
uniformity and standardization in agent and broker licensing. States
have struggled to enact uniform national agreements that will allow
agents and brokers who are licensed and in good standing to operate in
multiple states. The bill creates a self regulatory organization that
will allow agents and brokers who are in good standing in their home
states to apply for membership and operate in multiple states or on a
national basis. Uniform non-resident licensing reform has long been
the objective of our independent agent and broker sales force and this
bill achieves that worthy goal. From the insurer perspective, we think
the concept of facilitating producer licensing on a multi-state basis
to allow them to operate more efficiently makes good business sense.

Travelers is a leading provider of property casualty insurance for
auto, home and business. For more information, visit
www.travelers.com.

The Travelers Companies, Inc.
Media:
Shane Boyd, 651-310-3846
or
Jennifer Wislocki, 860-277-7458
or
Institutional Investors:
Michael Connelly, 860-277-1507,
or
Andrew Hersom, 860-277-0902
or
Individual Investors:
Marc Parr, 860-277-0779

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