The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement follwing a request for comment for this article: …
Deane to Replace Nasenberry at the Hartford The Hartford has appointed Stephen Deane as head of claims and operations to replace Mary Nasenberry, who will retire at the end of the year. Deane is returning to The Hartford after three …
Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against the insurer, alleging Trumbull has been incorrectly calculating some property claim payments by deducting labor depreciation. The complaint (Grawe v …
A Connecticut judge ruled that The Hartford did not owe coverage to designer footwear wholesaler Marc Fisher for more than $100 million in losses caused by COVID-19 business closures. Waterbury Judicial District Judge Barbara N. Bellis ruled that government orders …
DOVER, Del. (AP) — Insurance company The Hartford has agreed to pay $650 million into a proposed trust fund for victims of child sexual abuse as part of the Boy Scouts of America bankruptcy case. In exchange for the payment, …
The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not …
Tractable Inks Deals with The Hartford, Mitchell Tractable, a London-based insurtech that uses artificial intelligence to create damage estimates from photographs, has expanded its presence in the US property and casualty market with two deals announced this week. Tractable has …
As coronavirus spreads across the country, litigation against insurers for denying claims caused by the pandemic is spreading along with it. A group of Chicago businesses and a Houston-area wig store are the latest litigants to press business-interruption claims against …
Kemper Announces Resignation of Director Thomas Goldstein Kemper Corporation announced that Thomas M. Goldstein has resigned from the company’s Board of Directors, effective immediately, to focus on his health and family. Goldstein joined the Kemper Board of Directors in August …
Two insurance companies have agreed to provide a total of $10.5 million to help Connecticut homeowners cover the cost of repairing and replacing crumbling foundations, officials said Tuesday. The state has reached separate agreements with The Hartford and Liberty Mutual …