St. Paul Travelers Responds to Subpoena From N.Y. AG

The St. Paul Travelers Companies Inc. issued the following statement today after receiving a subpoena from New York Attorney General Eliot Spitzer’s office:

“As part of an ongoing, industry-wide investigation of insurance sales practices, the Office of the Attorney General of the State of New York has subpoenaed St. Paul Travelers, requesting documents and seeking information relating to the conduct of business between insurance brokers and St. Paul Travelers and its subsidiaries.

“Given the company’s size and position in the property casualty insurance industry, we do not believe it is surprising that St. Paul Travelers has been included among the companies asked to provide information. St. Paul Travelers will cooperate fully with the Attorney General’s requests for information.”

Latest Comments

• November 8, 2004 at 9:13 am

  small town agent (again) says:

  I realize that things can be very different in different parts of the country, or even very different depending on what office of a given company you do business with. Many ye... read more
• November 6, 2004 at 11:03 am

  New in business small agency says:

  I think larger carriers have no issues with appointing smaller agents. It probably has more to due with the competitors in the local market, the number of other carriers an a... read more
• October 27, 2004 at 8:38 am

  another small town agent says:

  Twenty years ago or so, St. Paul did have many small town agents selling its commercial products, as did Travelers. I wonder why it is that they have BOPs for small businesses... read more