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St. Paul Travelers Excess Casualty Settlement Web site

 Welcome to the St. Paul Travelers Excess Casualty Settlement Web site.

On August 1, 2006, St. Paul Travelers entered into an Assurance of Discontinuance with the Attorneys General of New York, Connecticut and Illinois, and a Stipulation with the Superintendent of Insurance of the State of New York (together, the "Assurance").  Under the Assurance, St. Paul Travelers agreed to establish a $37 million settlement fund (the “Excess Casualty Fund”) for certain eligible excess casualty policyholders as described in the Assurance (“Eligible Policyholders”).

On or before November 22, 2006, St. Paul Travelers mailed to Eligible Policyholders a notice of their eligibility, a statement of the amount they are eligible to receive from the Excess Casualty Fund, and a Release.  Eligible Policyholders who wish to participate in the fund must sign and return the Release by April 23, 2007.  The first payments from the fund will be made by June 4, 2007.

For more information, please contact the Settlement Administrator at the telephone number or address listed below:

Settlement Administrator Toll-Free Number
1-866-370-4389
 
Settlement Administrator Mailing Address
St Paul Travelers Settlement Administrator
c/o Claims Administrator
P.O. Box 56798
Jacksonville, FL 32241-6798
 

 Frequently Asked Questions:

What is the St. Paul Travelers Excess Casualty Fund?
What does the Assurance of Discontinuance provide?
How will my payment be calculated?
When will payment be made?
Must I submit my Release to receive a distribution from the fund?
Is there a deadline for the submission of Releases?
Where do I submit the Release?
Have notices and Releases been mailed to Eligible Policyholders?
What is the address for the Settlement Administrator?
Should I submit a Release?
I recently received a Corrected Statement and another copy of the Release. What is the situation?

 


1.  What is the St. Paul Travelers Excess Casualty Fund?

As you may be aware, the Offices of the Attorney General of the States of New York, Connecticut and Illinois, and the Superintendent of Insurance of the State of New York, have been investigating certain insurance industry practices.  Those investigations include allegations of improper bidding arrangements and steering practices relating to contingent commissions.  St. Paul Travelers cooperated with these investigations, and, on August 1, 2006, entered into an Assurance of Discontinuance with the Attorneys General of New York, Connecticut and Illinois, and a Stipulation with the Superintendent of Insurance of the State of New York (together, the "Assurance).  Under the Assurance, without admitting or denying the existence of any wrongdoing, St. Paul Travelers agreed to establish a $37 million settlement fund for policyholders who purchased or renewed excess casualty policies (excluding workers’ compensation policies) through Marsh from January 1, 2000 through September 30, 2004 (“Eligible Policyholders”).


2. What does the Assurance of Discontinuance provide?

Under the Assurance, without admitting or denying the existence of any wrongdoing, St. Paul Travelers agreed to establish a $37 million settlement fund to compensate its policyholders who purchased or renewed excess casualty policies (excluding workers’ compensation policies) through Marsh from January 1, 2000 through September 30, 2004.  Eligible Policyholders may participate in the Excess Casualty Fund without being required to demonstrate that they suffered any actual harm or injury, or, in fact, that any wrongdoing occurred.


3. How will my payment be calculated?

Eligible Policyholders who participate in the Excess Casualty Fund will receive an amount based on their pro rata portion of the Eligible Policyholders’ total written premium.  St. Paul Travelers has calculated the amount of excess casualty premium attributable to each Eligible Policyholder pursuant to the terms of the Assurance.  If you elect to participate in the Excess Casualty Fund and tender a Release, your payment also will include a pro rata portion of any interest or investment income earned on the Excess Casualty Fund.

On or before November 22, 2006, St. Paul Travelers mailed to Eligible Policyholders a statement of the amount they are eligible to receive from the Excess Casualty Fund. 

 
4. When will payment be made?

Payments will be made on or before June 4, 2007.


5. Must I submit my Release to receive a distribution from the fund?

Yes.  You must submit your Release to the Settlement Administrator to receive a distribution from the fund.  If you do not submit a Release, you cannot receive a distribution.

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6. Is there a deadline for the submission of Releases?

 Yes.  Releases must be postmarked on or before April 23, 2007.


7. Where do I submit the Release?

The Release must be mailed to the Settlement Administrator at the following address:

St. Paul Travelers Settlement Administrator
c/o: Claims Administrator
P.O. Box 56798
Jacksonville, FL 32241-6798


8. Have notices and Releases been mailed to Eligible Policyholders?
 
Yes.  Notices and Releases were mailed to Eligible Policyholders on or before November 22, 2006.


9. What is the address for the Settlement Administrator?

St. Paul Travelers Settlement Administrator
c/o: Claims Administrator
P.O. Box 56798
Jacksonville, FL 32241-6798


10. Should I submit a Release?

We cannot answer that question for you.  If you wish to receive a distribution from the settlement fund, you must submit a completed Release.

11. I recently received a Corrected Statement and another copy of the Release.  What is the situation?

The pro rata portion of the Excess Casualty Fund that each Eligible Policyholder is entitled to receive is based on their total excess casualty written premium, which St. Paul Travelers has calculated pursuant to the terms of the Assurance.  With regard to certain Eligible Policyholders, the original Statement, which was mailed on November 22, 2006, inadvertently included incorrect written premium information.  The Corrected Statement, which was mailed on January 8, 2007, includes the corrected written premium figures and the corrected payment amount that the Eligible Policyholder is entitled to receive.  Other than the correction of the payment amount, the Release that accompanied the Corrected Statement is identical to the Release that accompanied the original Statement.  Eligible Policyholders that have received the Corrected Statement are only entitled to the payment amount specified therein.  The payment schedule remains unchanged.

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 Contact Us

Any additional questions relating to the fund may be directed to the Settlement Administrator:

Toll-Free Number:

1-866-370-4389

Mailing Address:

St. Paul Travelers Settlement Administrator
c/o: Claims Administrator
P.O. Box 56798
Jacksonville, FL 32241-6798

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