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Hartford Financial Services

HARTFORD FINANCIAL SERVICES


By : Ririn Sholiha

History of the insurer Hartford Financial Services

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The Hartford was founded in 1810 in Hartford, Connecticut. Originally a group of local merchants gathered at the Inn Hartford, by using the working capital of $ 15,000, a group of merchants established the Hartford insurance company. Over the years, the company has expanded its business. In 1913, The Hartford makes insurance products that serve in the field of accident, Indemnity Company, and provides a wide range of other insurance, such as automobile and life insurance.

In 1959, the company is expanding into the life insurance business by acquiring The Columbus National Life Insurance Company in Boston, Massachusetts. In 1970, The Hartford acquired by ITT Corporation for $ 1.4 billion, at the time the biggest corporate takeover in American history. The combined company was renamed ITT – Hartford Group, Inc. In 1995, ITT decided to reduce operating and releasing several subsidiaries, The Hartford eventually become entities that trade on the New York Stock Exchange under the symbol “HIG “.

Two years later, the company changed its name from ITT – Hartford Group, Inc. to The Hartford Financial Services Group, Inc., and also issued an IPO for Hartford Life business under the ticker symbol “HLI “. In 2000, The Hartford bought back all the shares of Hartford Life, and HLI delisted from the New York Stock Exchange in 2006. Meanwhile, in the year of 2004 The Hartford buy CNA Financial Group Division. This division is based in Chicago, Illinois. With more than 200 years of expertise, The Hartford (NYSE: HIG) is a leader in the field of property and casualty insurance, group benefits and mutual funds. The company is widely recognized for service excellence, sustainability practices, trust and integrity.

The Hartford Financial Services Group is an insurance company with a wide range of property / casualty insurance and personal and commercial financial products. The Victim’s property or commercial operations, including auto, liability, workers’ compensation policy, as well as group benefits and commercial coverage specifically for large enterprises. The Hartford also offers consumers homeowners and automobile coverage. Through the wealth management division, the company offers financial services such as mutual funds. The Hartford sells its products since 1810, through a network of independent agents and brokers.

The Hartford Financial Services Group, Inc. (NYSE: HIG), usually known as The Hartford is a Fortune 500 company and one of America’s largest investment. Revenues in 2012 amounted to $ 26.4 billion Hartford. The company’s revenues are shared between the operating property, group benefits and mutual funds. Hartford Financial Services Group Inc. (HIG – Analyst Report) reported third quarter 2013 operating earnings of $ 505 million or $ 1.03 per share, beating the Zacks Consensus Estimate of 83 cents. Operating profit was also higher revenues last year of $ 433 million or 90 cents per share.

Improved performance in The Hartford Financial Services Group, Corporate and Talcott segment profit primarily drove Hartford Financial. Premium growth in the Property & Casualty Commercial Standard, as well as growth in Commercial Markets, Small and Medium Enterprises and the growth in the Consumer Market also helps repair. Total revenue from Hartford Financial reported for the quarter totaled $ 5.6 billion. The total revenue exceeded the Zacks Consensus reached an estimated $ 2.78 billion.

Apart from the revenue that could surpass the Zacks Consensus, the insurance company is also always concerned about financial institutions, namely by placing your experiences like working for you. Whether community banks, credit unions, mortgage bankers, investment companies, insurance companies or other depository institution, we understand your business is used to meet your specific needs and protect what is most important to you. So you not only get our core coverage, you also get the benefit of protection that are designed to be upgraded in special industry. Here is an example of the company’s industry-specific coverage for financial institutions:

1. ATM: ATMs in places Coverage for scheduled and unscheduled.
2. Mail Transport Insurance: This provides coverage for the effects of lost, stolen, or damaged in transit.
3. Mortgagee Errors & Omissions: Provides protection from lawsuits and damage claims related to the administration and servicing mortgages.
4. Mortgage Protection Insurance: This option provides coverage for the decline in mortgage and mortgagee errors or omissions it.
5. New Property Acquired: Coverage for newly acquired property, whether the building or business personal property, with limits up to $ 1,000,000.
6. OREO Properties: Optional extension property or liability coverage for buildings your institution gained as a result of the foreclosure process.
7. Properties of trust: Built in scope for real estate. This optional coverage is to protect you, and for claims made against the institution if someone is injured on your property in the trust held by your bank.

That was the information about the history and financial institutions in the insurance company Hartford Financial Services , The company is always shows the extension , as evidenced by some of the work done to develop , ranging from the product to the field of stock , if you are interested to know more clear and detailed , you can contact at :

Business Insurance Service Center
Phone : 1-866-467-8730
Monday through Friday , 7am – 7pm CST

Institutional Mutual Funds
Phone : 1-877-836-5854

 

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