The Hartford Financial Services Group News

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 …

AIG Estimates $1.3B Net Losses From Superstorm Sandy

American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion.The estimate reflects a pre-tax loss estimate, net of reinsurance, totaling some $2.0 …

Hartford CEO McGee Says ‘Undoubtedly Weather Has Changed’

The Hartford Financial Services Group CEO Liam McGee said his company’s gross losses from Superstorm Sandy may hit the reinsurance deductible of $350 million. Speaking at the Goldman Sachs Financial Services Conference in New York on Wednesday, McGee also remarked …

The Hartford’s Q3 Profit Soars; CEO Calls Hurricane Sandy ‘Manageable Exposure’

The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong third-quarter financial results, reflecting the continuing …

The Hartford Names SVP for Commercial Markets Sales and Distribution

The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company’s commercial markets division. He is based in Hartford, Conn.Kirk joined The Hartford in 2006, most recently serving as senior vice president …