Best Says Traverlers Rating Unaffected by Charge

A.M. Best Co. said the A++ (Superior) financial strength rating of the Travelers Property Casualty Pool (Hartford, CT), the financial strength ratings of the other Travelers Property Casualty Group members, the debt ratings of Travelers Property Casualty Corp. (Travelers P&C) and the trust preferred securities ratings of Travelers P&C Capital I and II are unaffected by the announcement that the group took a $49 million pretax charge to increase reserves for asbestos liabilities in the third quarter of 2002, net of the benefit received under the indemnification agreement with Citigroup (the com...