Hartford non-renewed an account 4 years ago because they had it rated as a retail store – CHEAP – and then discovered that the insured was actually a manufacturer. Our agency took it away from them after they non-renewed it, albeit at a higher price and appropriately written. 4 years later, here comes Mister Scumbag Agent, showing an aggressive quote from HARTFORD for the exact same account. AND, classified as a retail store ! Yup, HARTFORD is as ethical as they come !!
I’m absolutely amazed. It’s hard for me to imaging “Hartford” and “ethics” in the same sentence. Looking at how they have treated their agents over the past decade or so, you would certainly have a different view. Either the Hartford knows how to put together an application, or the folks at Ethisphere just didn’t do their homework.
Hartford is legendary for stealing their agents’ accounts, sharing an agent’s submission info with another move favored agent, and of course chronically underpaying their agency force.
It wasn’t always this way. Hartford was one of the honorable players many years ago. Too bad they abandoned what got them to the top. It will be interesting to watch them on the way down.
I was surprised by this too, Hartford agent. I was thinking more about their marketing efforts and how most of their insureds that I’ve encountered (hundreds btw) think they are, in fact, insured by AARP. That’s Hartless, I’d say.
Does being ethical also aply to the company that is goig to start non renewing
their book of Florida Homeowners in August, except for the AARP program? Or is this just a nasty rumor?
Isn’t Allianz the company that was fined millions of dollars because their agents were preying on retirees by selling them totally unsuitable variable annuities without any thought about ethical considerations?
Sadly, this is more of a statement about our industry. This is the best we can do, and no matter what company you named there would be a flood of complaints with real life instances of impropriety.
An ex-Hartford VP positioned himself as a finacial advisor and sold me a variable annuity policy at twice the necessary insurance and modified endowment levels which just killed any return possibility. Calls to Harford were fruitless to get resolution.
My husband was a Manager for Hartford and they offered him a transfer to another office (they were restructuring – it was not a promotion) and gave us 6 months to sell our house. We had the option to sell it to them at the end of six months should it not sell with our real estate agent (which they hired). The house did not sell so we signed the paperwork in the presence of the real estate agent they retained and she faxed the paperwork to Hartford. They waited until the deadline had passed then said they had to have the original paperwork in hand for us to “sell them the house”. I wanted to sue them and I had an attorney who said we could enforce the terms of the agreement. My husband did not want to position himself adversely with his employer. We struggled for an additional 9 months until we had depleted all savings and then had to do a voluntary foreclosure. The stress from that event resulted in (1) divorce and (2) adverse credit reporting. Though this was years ago and I have recovered emotionally and financially I would never entrust any aspect of my life to Hartford. If that company can be perceived as Ethical then I can reclaim my virginity.
I come from the Transportation Industry and while not all companies in Transportation conduct there business in less than ethical manners, they often don’t act as if they truly care about the Shareholder, Customer, Employee, or Community at large.
Then to come to Company that truly exemplifies Ethical Conduct, that conduct being concern for the policy holder, the agents and staff, the community at large and yes even the shareholder, by providing profits. Profits are after all necessary in order to continue the operation of good companies as well as bad. The difference is a great thing to experience!
Hartford non-renewed an account 4 years ago because they had it rated as a retail store – CHEAP – and then discovered that the insured was actually a manufacturer. Our agency took it away from them after they non-renewed it, albeit at a higher price and appropriately written. 4 years later, here comes Mister Scumbag Agent, showing an aggressive quote from HARTFORD for the exact same account. AND, classified as a retail store ! Yup, HARTFORD is as ethical as they come !!
I think the IJ got the headline wrong again…those goofs…the survey was on the “Most Unethical Insurance Carriers.”
I’m absolutely amazed. It’s hard for me to imaging “Hartford” and “ethics” in the same sentence. Looking at how they have treated their agents over the past decade or so, you would certainly have a different view. Either the Hartford knows how to put together an application, or the folks at Ethisphere just didn’t do their homework.
Hartford is legendary for stealing their agents’ accounts, sharing an agent’s submission info with another move favored agent, and of course chronically underpaying their agency force.
It wasn’t always this way. Hartford was one of the honorable players many years ago. Too bad they abandoned what got them to the top. It will be interesting to watch them on the way down.
I was surprised by this too, Hartford agent. I was thinking more about their marketing efforts and how most of their insureds that I’ve encountered (hundreds btw) think they are, in fact, insured by AARP. That’s Hartless, I’d say.
Does being ethical also aply to the company that is goig to start non renewing
their book of Florida Homeowners in August, except for the AARP program? Or is this just a nasty rumor?
Don’t look at me….I voted for Marsh.
I voted for AIG, C.V.Starr and Wachovia…
Isn’t Allianz the company that was fined millions of dollars because their agents were preying on retirees by selling them totally unsuitable variable annuities without any thought about ethical considerations?
Sadly, this is more of a statement about our industry. This is the best we can do, and no matter what company you named there would be a flood of complaints with real life instances of impropriety.
An ex-Hartford VP positioned himself as a finacial advisor and sold me a variable annuity policy at twice the necessary insurance and modified endowment levels which just killed any return possibility. Calls to Harford were fruitless to get resolution.
My husband was a Manager for Hartford and they offered him a transfer to another office (they were restructuring – it was not a promotion) and gave us 6 months to sell our house. We had the option to sell it to them at the end of six months should it not sell with our real estate agent (which they hired). The house did not sell so we signed the paperwork in the presence of the real estate agent they retained and she faxed the paperwork to Hartford. They waited until the deadline had passed then said they had to have the original paperwork in hand for us to “sell them the house”. I wanted to sue them and I had an attorney who said we could enforce the terms of the agreement. My husband did not want to position himself adversely with his employer. We struggled for an additional 9 months until we had depleted all savings and then had to do a voluntary foreclosure. The stress from that event resulted in (1) divorce and (2) adverse credit reporting. Though this was years ago and I have recovered emotionally and financially I would never entrust any aspect of my life to Hartford. If that company can be perceived as Ethical then I can reclaim my virginity.
I come from the Transportation Industry and while not all companies in Transportation conduct there business in less than ethical manners, they often don’t act as if they truly care about the Shareholder, Customer, Employee, or Community at large.
Then to come to Company that truly exemplifies Ethical Conduct, that conduct being concern for the policy holder, the agents and staff, the community at large and yes even the shareholder, by providing profits. Profits are after all necessary in order to continue the operation of good companies as well as bad. The difference is a great thing to experience!
Thanks AFLAC!