The Travelers said it does not want financial help from the Treasury Department under the federal bailout program.

In a statement today, the St. Paul, Minn.-based insurer said it has sent a letter to Treasury Secretary Henry Paulson saying it does not require or intend to request any financial assistance from the Treasury.

The letter, from the company's Chairman and Chief Executive Officer Jay Fishman to Mr. Paulson, stated that while noting the financial turmoil and its toll on insurers, the company does not need to participate in any financial rescue program and has no intention of requesting any assistance.

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