When asked what worries them most about the national economy, nearly one in five Americans identify national debt as their primary concern 1. Yet, 47 percent say they do not have a good understanding of the debt crisis 2. As part of Travelers’ (NYSE: TRV) ongoing effort to raise awareness of the nation’s growing debt burden, the Travelers Institute, the public policy division of The Travelers Companies, Inc., this week launched a national university tour of the new documentary “ Overdraft” which will include panel discussions and screenings at select colleges and universities across the country. “We recognize that the stability and health of the U.S. economy is vital to the growth and success of all businesses, as well as to the preservation of the American Opportunity,” said Jay Fishman, Travelers Chairman and Chief Executive Officer. “As one of the largest insurers of small- and medium-sized businesses, we feel an obligation to advocate for a thriving economic environment and to that end, to raise awareness of the significance and implications of the debt crisis,” he said. The university tour commenced at the University of Pennsylvania’s Wharton School of Business and featured a screening of “Overdraft,” as well as a panel discussion with the school’s leading economic and financial experts about the deficit. “The goal of our university tour is to foster nonpartisan dialogue that raises awareness of one of the most pressing issues of our time,” said Joan Woodward, Executive Vice President of Public Policy and President of the Travelers Institute. “By hosting conversations with leading economic experts and thought leaders on campuses across the country, our goal is to facilitate conversation and stimulate public policy dialogue that will raise awareness of the nation’s looming fiscal crisis.” In addition to the Wharton screening, university tour events are planned for the University of Connecticut, Northwestern University, the University of Kansas, American University, Columbia University, the University of Delaware and Stanford University, among others.
About the Travelers InstituteThe Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers' senior management and the technical expertise of many of Travelers' underwriters, risk managers and other experts to provide information, analysis, and solutions to public policy makers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit www.travelers.com. About Overdraft “Overdraft” was produced by Scott Galloway, founder of Susie Films, which has produced more than 800 television programs for networks including ABC and the History Channel. Through the National Educational Telecommunications Association, “Overdraft” is available for public television stations to air in markets across the country through August 2014. To watch “Overdraft,” visit www.TravelersInstitute.org. 1 Frank Newport, “Americans’ Economic Worries: Jobs, Debt, and Politicians,” GALLUP Economy, January 12, 2012 http://www.gallup.com/poll/152009/americans-economic-worries-jobs-debt-politicians.aspx (September 13, 2012) 2 Pew Research Center for the People and The Press, “National Survey: May 11-14, 2011”, http://www.people-press.org/2011/05/24/more-concern-about-raising-debt-limit-than-government-default/ (September 13, 2012)