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Hartford Insurance Company Expands Coverage For Healthcare Providers

As the aging population and advances in medical technology fuel the healthcare industry’s rapid expansion, providers face new growth opportunities and specialized protection needs. To help healthcare administrators address these needs, The Hartford Financial Services Group, Inc., has expanded its portfolio of insurance products and services for healthcare providers with tailored coverage designed specifically for healthcare facilities. “Healthcare service providers have a broad range of insurance and risk management needs, from protecting their property, medical equipment and computer records to ensuring patient and staff safety,” said Lisa Morgan, senior vice president of The Hartford’s Middle Market commercial insurance business. The… Read More »Hartford Insurance Company Expands Coverage For Healthcare Providers

Hartford Launches Renewable Energy Unit

With the U.S. energy industry on the verge of a “renewable revolution,” fueled by state-level renewable portfolio standards and significant investments by public and private entities, companies engaged in renewable energy will need to protect their assets and investments while seeking ways to capitalize on the industry’s tremendous growth potential. The Hartford Financial Services Group, Inc. today announced the formation of its Renewable Energy Unit to address the unique and evolving needs of the rapidly growing renewable energy industry. The new unit will provide specialized underwriting and a full suite of property and casualty insurance products and services for makers,… Read More »Hartford Launches Renewable Energy Unit

Hartford Posted Profit

Insurer Hartford Financial Services Group Inc. reported a first-quarter net profit, but the company lost money on a per-share basis after repurchasing preferred shares from the government. The company reported net income of $319 million for the quarter, compared with a loss of $1.2 billion a year ago. On a per-share basis, the company lost 42 cents, after including a $440 million charge for repurchasing the U.S. government’s preferred share stake which was granted through the Troubled Asset Relief Program. The company’s shares have risen 27% so far this year, outpacing the S&P 500 Index’s 8.4% increase. The stock was… Read More »Hartford Posted Profit

The Hartford’s Q3 Loss Reported at $2.6 Billion

October 31, 2008 A Statement from The Hartford The Hartford has experienced significant pressure on its stock price following the announcement of our third quarter earnings results. Obviously, the market reaction to our results is disappointing. I want to reassure you that the current stock price is not a direct reflection of the company’s ability to meet its obligations to our customers. The Hartford is financially strong and well capitalized, and our liquidity position is outstanding. Despite our recent challenges, I am very confident in our capital position and ability to meet all our policyholder obligations. The Hartford does not… Read More »The Hartford’s Q3 Loss Reported at $2.6 Billion