Tag: The Hartford

Insurance Exodus: 2 More Companies to Exit California’s Homeowners Insurance Market

Logan B.
California Homeowners Insurance - Company Exits

Growing Trend Withdraw from California’s Market In a significant development within the insurance industry, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. have both declared their intentions to exit the homeowners and personal umbrella insurance markets in California. This decision places these companies alongside an expanding list of insurers that are choosing to either withdraw or scale back their operations in the state. Policyholders Affected: Tokio Marine’s Departure Impacts Thousands in California According to recent filings with the California Department of Insurance, both entities—subsidiaries of the Japan-based Tokio…

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The Hartford to restrict insurance coverage for fossil fuel companies

Marc
Fossil fuel companies - Factory

The major insurer has announced its intention to limit available protection, citing climate change concerns. The Hartford major insurance company revealed that it will be limiting the coverage it sells to fossil fuel companies. The insurer cited concerns about climate change to explain its decision to restrict coverage. Among the new limitations, the Hartford Financial Services Group Inc. revealed it won’t cover businesses that earn more than a quarter of their revenue as fossil fuel companies. This includes coal mining earnings or energy production with coal as a fuel source.…

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Cyber security not a serious matter for small businesses, according to The Hartford

S.Vagus
Cyber Insurance industry popularity

Survey shows that cyber security receives little attention from small businesses in the U.S. Cyber security is an issue that many small businesses do not take seriously, according to a new survey from The Hartford, one of the largest insurance and financial services companies in the U.S. Hacking and data breaches are becoming more commonplace as the years go by. Hackers are beginning to push the boundaries of cyber security, keen to exploit any weaknesses they can find. According to The Hartford, many of these hackers are finding little resistance…

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Employed individuals are finding additional forms of coverage to be increasingly important

Disability Insurance

A study by The Hartford has shown that single workers don’t have the protection they need in case of injury or illness. Standard employer sponsored health coverage is leaving a widening gap in the protection it provides, making disability insurance and other additional support policies much more important to workers. According to the results of new research performed by The Hartford, this is especially true among those who are employed and single. It is these individuals who are least likely to have a financial safety net in case they should…

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The Hartford to expand auto insurance to more AARP member with the help of independent insurance agents

The Hartford, one of the largest insurance providers in the U.S., has announced plans to expand the accessibility of auto insurance to AARP members. In order to do this, the insurer will have to expand its base of producers. This will be done through a hiring surge, where the insurer will look to bring on new staff and agents capable of bringing auto insurance coverage to those looking for additional options. The company currently has 4,000 agency locations throughout the country and hopes to increase that number to 6,000 by…

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