The Hartford Financial Services Group News

The Hartford Cut Workforce by 3,700 in 2013

Hartford Financial Services Group Inc. cut its staff by 16 percent last year as Chief Executive Officer Liam McGee narrowed the insurer’s focus. The insurer had about 18,800 employees as of Dec. 31, a decline of 3,700 from a year …

Hanover Insurance Taps Hartford Exec to Lead Professional Liability Unit

The Hanover Insurance Group Inc. has named Greg Leffard president of Hanover Professional Portfolio unit, responsible for the company’s errors and omissions (E&O) insurance businesses. Hanover Professional provides professional liability and E&O products for small and mid-sized firms, with specialized …

Hartford’s Q2 Loss Widens to $190M; P/C Earnings Show Improvement

The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared to the same time a year ago, when the insurer reported a net loss of $101 million. The …

The Hartford Ordered to Pay $20M to Auto Body Shops

A Connecticut judge has ordered The Hartford insurance company to pay $20 million to auto body shops for an unfair trade practice related to hourly labor rates for vehicle repairs. The judge’s decision last week for punitive damages is in …

The Hartford Appoints Chief Claims Officer

The Hartford recently named John Kinney as the company’s chief claims officer and also as president of Heritage Holdings, a unit which oversees The Hartford’s domestic and international property/casualty run-off operations. He succeeds Andrew Pinkes, who recently joined XL Group’s …

Small Biz Owners Were Hit Hard By Sandy Outages, The Hartford Finds

Among small business owners in New York, New Jersey and Connecticut who were impacted by Superstorm Sandy, some 71 percent of them experienced power outage after Sandy, which led to temporary disruptions in business operations in many cases, according to …

The Hartford Posts $46M Q4 Net Loss; $350M in Sandy Loss Reported

The Hartford Financial Services Group Inc. reported a net loss of $46 million for the 2012 fourth quarter, in contrast to the fourth quarter of 2011 when the company posted $118 million profit. The Hartford, Conn.-headquartered insurer also announced plans …

The Hartford CEO McGee Returns After Surgery

The president and chief executive officer of The Hartford Financial Services Group Inc. says he underwent surgery over the holidays to remove a brain tumor. Liam E. McGee sent a letter to employees last Friday saying the procedure went well …

The Hartford to Pay $81K in Restitution for Auto Claims in Vermont

The Vermont Department of Financial Regulation says the Hartford Financial Services Group has agreed to pay more than $81,000 in restitution to Vermont customers whose auto insurance claims were improperly evaluated.

The Hartford Says Sandy Losses $370 Million

Insurer Hartford Financial Services Group Inc said on Tuesday it expects pretax losses of $370 million from Superstorm Sandy, which ravaged New York and New Jersey in October.The Hartford said 60 percent of the losses were in commercial segments and …