The Hartford News

Business News: The Hartford, Location, Inc., Olympus Insurance Company

The Hartford, National Indemnity Company Hammer Out Reinsurance Agreement Covering Asbestos and Environmental Liability Reserves The Hartford has entered into a definitive agreement effective Dec. 31, 2016 with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., for a $1.5 …

Top 10 Smart Home Technologies for Older Homeowners

Smart smoke and carbon monoxide detectors, wireless doorbell cameras, and keyless entry are among the top 10 smart home technologies for homeowners age 50 and older, according to new research from The Hartford and the MIT AgeLab. “Smart home technology …

Experts Say Identify Comorbidities Early to Control Workers’ Comp Claims Costs

Workers’ compensation case severity can be tackled by recognizing and treating comorbidities early, according to industry experts. Case severity scoring and other predictive analytic tools can assist adjusters in identifying potentially problematic claims. Inside Workers’ Comp, a Genex multimedia series, …

Business News: The Hartford, Maxum, Care Bridge International

The Hartford’s Acquisition of Maxum Complete The Hartford has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction closed on July 29, 2016. Maxum will maintain its brand and limited wholesale distribution model and …

Hartford’s $1B Catalina Deal Offers Exit From Asbestos Risks

Hartford Financial Services Group Inc., the U.S. insurer that’s been narrowing its focus, agreed to sell U.K. operations with $1 billion of assets to Catalina Holdings Ltd. to exit risks tied to asbestos and environmental policies issued more than two …

History of Falls in Older Drivers Increases Crash Risk by 40%

According to a recent study conducted jointly by the University of Colorado Anschutz Medical Campus and the AAA Foundation for Traffic Safety, older drivers that have a history of falling have a 40 percent higher risk of being involved in …

Business News

Gen Re Announces Global Property and Casualty Reorganization Gen Re announces it will reorganize its Direct Global P&C operations in an effort to position the company’s team for the future. First, the footprint around the globe was evaluated to most …

People News

Chubb Announces Retirement of Rees Fletcher, Chairman of Bermuda Insurance Rees Fletcher, chairman of its Bermuda-based insurance operations, will retire on 31 March 2016, bringing to a close a distinguished 27-year career with the company. On January 14, 2016, ACE …

Water Damage Claims Expected to Spike Due to Strong El Nino

Winter Storm Jonas’ message to homeowners – a challenging winter lies ahead. The storm that affected 20 states was the result of a particularly strong El Niño, according to the latest Farmers Insurance Seasonal Smarts Digest. The storm brought a …

Few Midsize Business Continuity Plans Have Been Tested

Most midsize businesses have business continuity plans but few have tested them, according to The Hartford’s survey of midsize business owners and C-level executives. This shortcoming presents potential risk for businesses, which may be unable to meet client needs due …