The Hartford News

Conn. Judge Rules No Coverage Owed for Wholesaler’s $100M in COVID Losses

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 …

The Hartford Agrees to Pay $650 Million in Boy Scouts Bankruptcy

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 Rejects Chubb’s $23 Billion Buyout Offer

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 …

Claims Business: Tractable, Charles Taylor and Chubb

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 …

Main Street Wig Shop Among New Litigants in COVID Claims Battle

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 …

Business News: Kemper, The Hartford, Aon/Claim Central

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 Insurers to Help Cover Some Crumbling Foundation Costs

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 …

The Hartford: Employers Need to Address Opioids in the Workplace

A recent survey by The Hartford shows the opioid epidemic is having a tangible and growing impact on employers of all sizes nationwide, and a majority of U.S. workers and Human Resources (HR) professionals feel they have limited knowledge and …

The Hartford: 25% of Americans Own a Side Business, Most Go Unprotected

A new survey from The Hartford found that 25 percent of Americans, which equates to approximately 57 million people, own a side business (a business that is not their primary source of income). The majority of side business owners surveyed …

Recent Personal Lines Acquisitions Keep P/C Industry Busy

In the course of a week, two major property/casualty acquisitions were announced. The Hartford announced it intended to acquire Navigators and Safeco announced it would acquire the personal auto and personal property book of business from QBE North America. The …