Travelers Commits $1 Million to California Wildfire Relief and Recovery Efforts

Travelers, a leading provider of property casualty insurance, has announced a commitment of $1 million to assist wildfire relief and recovery efforts in California. The company's donation will support four reputable organizations: All Hands and Hearts, California Community Foundation, International Medical Corps, and Team Rubicon. This contribution aligns with Travelers' long-term corporate social responsibility strategy and demonstrates its commitment to creating sustained value for its stakeholders.

Travelers' holistic approach to sustained value creation involves managing risks and capitalizing on opportunities associated with various factors relevant to its company and industry. By supporting communities affected by disasters, Travelers fosters customer loyalty and trust, ultimately driving business growth. The company's commitment to responsible business practices, community engagement, and ethics is evident in its support for organizations dedicated to providing immediate relief and long-term recovery assistance to communities affected by disasters.



| Key Drivers of Sustained Value | Description |
| --- | --- |
| Business Strategy & Competitive Advantages | Travelers' approach to creating shareholder value through its mission of taking care of its customers, communities, and employees. |
| Capital & Risk Management | The company's ability to manage risks and capitalize on opportunities associated with various factors relevant to its industry. |
| Climate Strategy | Travelers' commitment to reducing its carbon footprint and becoming carbon neutral across its owned operations by 2030. |
| Community | The company's support for local communities and initiatives, including its $230 million in gifts to local communities over the past decade. |
| Customer Experience | Travelers' focus on providing exceptional customer service and resolving claims efficiently, as demonstrated by its 90% property claims resolution rate within 30 days in 2022. |
| Data Privacy & Cybersecurity | The company's commitment to protecting customer data and ensuring the security of its digital platforms. |
| Disaster Preparedness & Response | Travelers' proactive approach to addressing urgent needs and providing assistance to affected communities, as seen in its response to the 2022 catastrophe events. |
| Diversity & Inclusion | The company's dedication to fostering a diverse and inclusive work environment, with over 12,000 employees belonging to at least one of its eight Diversity Networks. |
| Eco-Efficient Operations | Travelers' commitment to reducing its environmental impact and promoting sustainable business practices. |
| Ethics & Responsible Business Practices | The company's commitment to conducting business in an ethical and responsible manner, as demonstrated by its Responsible AI Framework. |
| Governance Practices | Travelers' robust governance and controls designed to ensure that its pricing is actuarially sound and that its underwriting and pricing practices comply with all applicable laws. |
| Human Capital Management | The company's focus on attracting, developing, and retaining top talent to drive business success. |
| Innovation | Travelers' commitment to leveraging technology and data to enhance its products, services, and customer experiences. |
| Investment Management | The company's expertise in managing its investment portfolio to generate returns for its shareholders. |
| Public Policy | Travelers' engagement with policymakers to advocate for policies that support its business and the broader insurance industry. |
| Safety & Health | The company's commitment to promoting the safety and well-being of its employees, customers, and communities. |

Travelers' commitment to California wildfire relief and recovery efforts is expected to yield returns in the form of enhanced customer loyalty, improved brand reputation, and potential financial benefits. By supporting its customers and communities during times of crisis, Travelers can strengthen its position in the market and create lasting value for its stakeholders.

In conclusion, Travelers' $1 million donation to California wildfire relief and recovery efforts aligns with its long-term corporate social responsibility strategy and demonstrates its commitment to creating sustained value for its stakeholders. The company's holistic approach to managing risks and capitalizing on opportunities, combined with its commitment to responsible business practices, community engagement, and ethics, positions it well to navigate the challenges and opportunities that lie ahead.