This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Travelers’ Investment In Project CAP Reinforces Commitment To Agents

Travelers (NYSE: TRV) today announced that it has signed on as an investor in Project CAP, an industry initiative to expand the independent agent’s share of the personal lines insurance market. As part of the investment, Travelers also will serve as a listed carrier on TrustedChoice.com, the national brand created exclusively for members of the Independent Insurance Agents & Brokers of America (IIABA) to help consumers understand the value of an independent insurance agent.

“We are very pleased to invest in Project Cap and help our agents compete more effectively in the digital space,” said Greg Toczydlowski, Executive Vice President and President of Personal Insurance at Travelers. “This further demonstrates our commitment to the independent agent channel.”

Travelers’ support will assist the ongoing development of Project CAP, which offers a broad selection of digital marketing services to independent insurance agencies, including TrustedChoice.com. In addition, Toczydlowski will serve on the Project CAP Board of Directors.

“Travelers is one of the nation’s largest and most well-respected property and casualty companies and we are very pleased that it has committed to this program,” said Charles “Chip” Bacciocco, CEO of Project CAP. “Travelers’ investment will allow Project CAP to continue its strategic growth and enhance its infrastructure.”

About Project CAP

Created through an alliance of the Independent Insurance Agents & Brokers of America (IIABA), Trusted Choice ®, state associations and key insurance carriers, Project CAP is an industry initiative to expand the independent agent's share of the personal lines insurance market. Project CAP received initial operating investment from IIABA and key insurance carriers, including: The Central Insurance Companies, Safeco Insurance, State Auto Insurance Companies, Selective Insurance, The Main Street America Group and Westfield Insurance. Project CAP is a trademark of Consumer Agent Portal, LLC, a Delaware limited liability company formed in 2011. For more information, visit http://www.projectcapmarketing.com.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $26 billion in 2013. For more information, visit www.travelers.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs