<PAGE> 1
Exhibit 99.03
For information concerning sixteen purported class actions and one multi-party
suit, with substantially the same allegations, commenced in various courts
against certain subsidiaries of the Company, dozens of other insurers and the
National Council on Compensation Insurance ("NCCI"), see the description that
appears in the second and third paragraphs under the caption "Legal Proceedings"
beginning on page 44 of the Annual Report on Form 10-K of the Company for the
year ended December 31, 1999 (File No. 1-14328), which description is included
as Exhibit 99.01 to this Form 10-Q and incorporated by reference herein, and in
the first paragraph under the captions "Legal Proceedings" beginning on page 22
of the Quarterly Report on Form 10-Q of the Company for the quarterly period
ended March 31, 2000 (File No. 1-14328) which description is included as Exhibit
99.02 to this Form 10-Q and incorporated by reference herein. In April 2000,
plaintiffs appealed the California trial court's order dismissing all claims
with prejudice.
For information concerning a consolidated putative class action captioned In Re
Travelers Property Casualty Corp. Shareholders Litigation, see the description
that appears in the second, third, fourth and fifth paragraphs under the caption
"Legal Proceedings" beginning on page 22 of the Quarterly Report on Form 10-Q of
the Company for the quarterly period ended March 31, 2000 (File No. 1-14328),
which description is included as Exhibit 99.02 to this Form 10-Q and
incorporated by reference herein. In June 2000, the parties completed
confirmatory discovery with respect to the settlement.
