Hartford applies to become S&L, buys Federal Trust Nov 15, 2008
Hartford Financial Services Group Inc. said Friday it applied to switch its business structure to a savings and loan holding company, which would make the firm eligible for funding under the government's $700 billion bank rescue package. Hartford also said it agreed to buy Federal Trust Bank for about $10 million and to recapitalize the bank with an undisclosed sum. (San Diego Union-Tribune -- Business)
$13.8 billion cash infusion for Freddie Mac Nov 15, 2008
Hartford Financial Services Group Inc. said it applied to switch its business structure to a savings and loan holding company, which would make the firm eligible for funding under the government's $700 billion bank rescue package. The company's share price surged $2. (San Diego Union-Tribune -- Business)
Goldman Note Stirs Activity in Insurance Companies Nov 12, 2008
Trading was particularly robust in Principal Financial Group Inc., Lincoln National Corp. and Hartford Financial Services Group Inc. -- three companies whose shares Goldman advised investors to sell, saying "we see no reason to own the stock" in the near term. In Principal Financial, where activity in the options market jumped to eight times. (Wall Street Journal)
Market Winners & Losers: Goldman Sachs, Genworth Nov 12, 2008
Hartford Financial Services Group Inc. (HIG). Concerns continue to surround the insurance provider, along with other companies in the sector. (Fox News)
Is your insurance safe? Nov 8, 2008
Major U.S. life insurers like MetLife, Prudential Financial and Hartford Financial Services Group are reeling from third-quarter losses as a result of market turmoil and declines from investments. How can consumers tell if their policies are safe. (International Herald Tribune -- Money Report)
Economy Facing Grim Outlook Nov 7, 2008
Hartford Financial Services Group Inc., Circuit City Stores Inc., drug maker GlaxoSmithKline PLC, chip maker Advanced Micro Devices Inc., auto parts maker Dana Holding Corp., cable operators Comcast Corp. and Cox Communications Inc. and Fidelity Investments are among the companies that recently have announced layoffs. To provide fresh relief, House Speaker Nancy Pelosi said Democrats, in a lame-duck session later this month, would push to enact another round of economic stimulus to provide more... (Fox News)
Jobless Claims Slightly Drops From Elevated High Nov 7, 2008
Several companies announced layoffs this week, including Hartford Financial Services Group Inc., Circuit City Stores Inc., drugmaker GlaxoSmithKline PLC, chip maker Advanced Micro Devices Inc., auto parts maker Dana Holding Corp., and cable operators Comcast Corp. and Cox Communications Inc.. Share. (Fox News)
Market Winners & Losers: D.R. Horton, XL Capital Nov 7, 2008
Hartford Financial Services Group Inc. (HIG) $13. 58 $-3. (Fox News)
Treasury working to widen rescue package Nov 7, 2008
The Hartford Financial Services Group, the large Connecticut-based insurer, is not a thrift or a bank, but a spokeswoman said it would consider participating in a federal capital injection program. "We would evaluate participating, should it be available to us," Hartford spokeswoman Shannon LaPierre said. (AZCentral -- Business)
Empire Zone changes may aid park Nov 7, 2008
The spot to which the Empire Zone was transferred to, west of the new building where The Hartford Financial Services Group soon will move, has all the infrastructure in place for development, Zawko said. It s primed for development, he said. (Utica NY Obserer, NY)
Hartford Financial Cuts 500 Nov 5, 2008
Hartford Financial Services Group Inc. said it will cut 500 jobs, or about 2 percent, of its total work force this month, citing losses in its investment portfolios and declining revenue. Get Quote. (San Francisco Chronicle -- Business)
Market Winners and Losers: Sprint, Office Depot Nov 4, 2008
Hartford Financial Services Group Inc. (HIG). Despite Moodys lowering Hartfords debt ratings because of the insurers weakened credit profile, the company ended the day up 59. (Fox News)
Wall Street Keeps Cool Nov 4, 2008
Hartford Financial Services (nyse: - - ) gained 57. 8%, or $5. (Forbes)
Volatility Alert: Week Ends on Positive Note, but October Sees Huge Losses Nov 3, 2008
Hartford Financial Services. Electronic Arts Inc. (Forbes -- Markets)
S&P 500 October Winners & Losers Nov 2, 2008
Down 75%, The Hartford Financial Services Group (nyse: - - ) tops that list, just edging out real estate investment trust General Growth Properties (nyse: - - ) ... Hartford Financial Services Group (nyse: - - ). (Forbes -- Markets)
New Hartford borrowing: Benefit or burden? Nov 2, 2008
Critics have pointed out the money paid into those agreements is potential tax money, and that the nearby building being vacated by The Hartford Financial Services Group may not yield as much revenue after they move into their new office in the park. That would be especially true if it s purchased by St. Elizabeth Medical Center a group that has publicly expressed interest and it becomes completely or partly tax-exempt. (Utica NY Obserer, NY)
Jon Boscia: On the prowl for first-mover advantage Nov 1, 2008
Connecticut-based Hartford Financial Services Group lost half of its value Thursday, after posting a $2. 6-billion (U.S.) loss. (Globe and Mail -- Business)
Hartford, Cigna shares plummet; Dow Jones up nearly 190 points Oct 31, 2008
Hartford Financial Services Group Inc., the insurer that got an investment from Germany's Allianz SE this month, lost half its market value Thursday after reporting its first unprofitable quarter in five years. The Hartford plunged $9. (Republican-American)
Wall Street Rate cuts buoy stocks Oct 31, 2008
Shares of Hartford Financial Services Group Inc sank 51. 6% to $US9. (Sydney Morning Herald -- Business)
MetLife Net Hurt by Annuities; Prudential, Hartford Post Losses Oct 30, 2008
No. 2 and Hartford Financial Services Group Inc. posted losses. Equity and bond-market performance hurt all three companies in the period. (Bloomberg)
MetLife, Aetna Show Profit; Pru, Hartford Take Losses Oct 30, 2008
The Hartford Financial Services Group (HIG) also reported a third quarter loss. The company said in a statement that losses came to $2. (Fox News)
Corporate Information Policies Need an Overhaul, Analysts Say Oct 30, 2008
Hollis cited Intel, the Hartford Financial Services Group and British Petroleum as particularly accomplished at information governance. One of Intel's (NASDAQ: INTC) steps, according to the EIU report, has been to centralize product lifecycle information to keep research and development, manufacturing and sales up to date. (EnterpriseStorageForum)
Ace CEO says insurers wrong to seek taypayer funds Oct 30, 2008
3 billion in capital, Hartford Financial Services Group Incgot a cash injection from German insurer Allianz SE, and Prudential Financial Inc suspended its share buyback program. Investors have remained wary. (San Diego Union-Tribune -- Business)
CNA gets $1.25B capital infusion, CEO plans early exit Oct 28, 2008
CNA joins Hartford Financial Services Group Inc. and MetLife Inc. among insurers selling stakes to raise capital this month. The Treasury Department is examining whether to let insurers take part in its $700 billion financial industry bailout, two people familiar with the matter said Friday. (Crain's Chicago Business)
* US Treasury mulling stake in insurers Oct 26, 2008
3 billion this month in a stock offering, and Hartford Financial Services Group Inc said it would raise US$2. 5 billion from Allianz SE.. (Taipei Times, Taiwan -- World)
Next Up: Ailing Insurers Oct 25, 2008
In recent weeks, insurance companies including Hartford Financial Services (HIG) and MetLife (MET) has raised capital. Hartford raised $2. (Fox News)
Allstate stock falls after Q3 loss Oct 24, 2008
Concerns over Allstate's capital came as other insurers, including MetLife Inc. and Hartford Financial Services Group Inc., have sought to shore up capital through equity offerings and an outside investment. Catastrophe losses of $1. (Crain's Chicago Business)
St. E's considers New Hartford expansion Oct 22, 2008
St. Elizabeth Medical Center is considering buying the office building at 4401 Middle Settlement Road after The Hartford Financial Services Group moves out. We're in the process now of looking at the building, said Robert Scholefield, vice president for the St. Elizabeth Medical Group. (Utica NY Obserer, NY)
Short-Sellers: Unfairly Targeted in the Market Crisis? Oct 13, 2008
Insurance stocks such as Prudential Financial () and Hartford Financial Services Group () were also among the biggest losers on Oct. 9. Whether the ban had the intended effect remains open to debate, given the 21. (BusinessWeek)
In weasels we trust Oct 11, 2008
desertique wrote on Oct 11, 2008 9:37 AM:" I agree, we should all be informed.Here is a list of McCain aides and bundlers.Phil Anderson: American Council of Life Insurers, Aetna, AIG, New York Life, MassMutual, VISARebecca Anderson: Aegon, American Council of Life Insurers, Cigna, Barclays, Credit Suisse First Boston, HSBCStanton Anderson: The Debt ExchangeDavid Beightol: Allstate, Amerigroup, Charles Schwab, HSBCRhonda Bentz: VISAWayne Berman: American Council of Life Insurers, AIG,... (Logan Herald Journal, UT)
Battered insurance stocks point to reshaped industry Oct 10, 2008
Hartford Financial Services Group raised $2. 5 billion by selling shares to German insurer Allianz on Monday. (OregonLive, OR -- Business)
Insurance industry joins banks on the hot seat Oct 10, 2008
Hartford Financial Services Group raised $2. 5 billion by selling shares to Allianz, the German insurer, on Monday. (International Herald Tribune)
Don't Write Mark-to-Market's Obituary Just Yet: Jonathan Weil Oct 10, 2008
Hartford Financial Services Group Inc., with a $7. 5 billion market cap, trades for less than half its book value. (Bloomberg -- Columnists)
Today's 3 Picks: AA, MET, GFI Oct 8, 2008
He says recent offerings by more troubled competitors such as the Hartford Financial Services Group () and Lincoln National () make it "difficult to get transparency into current decision making processes for capital raises." By his estimate, Hartford had "at least some capital margin" before its raise, and that MetLife still has a capital margin of several billion dollars. "Certainly in the case of MET, there has been no visible rating agency pressure, and 3Q results, although light on an... (SmartMoney)
MetLife to cut jobs; shares drop Oct 8, 2008
Hartford Financial Services ... 5-billion in U.S. life and property insurer Hartford Financial Services Group Inc.. (Globe and Mail -- Business)
Hartford Recovers With Help From Allianz Oct 7, 2008
Shares of Hartford Financial Services soared Monday on news of a sizable investment from German financial services firm Allianz SE, and a better than expected earnings forecast. Last week, insurance stocks, notably Hartford (nyse: - - ) and MetLife, were slammed when Senate Majority Leader Harry Reid said a top insurance company--"one with a name that everyone knows"--was in dire financial straits, on the verge of bankruptcy. (Forbes -- Markets)
Wall Street tumbles amid global sell-off Oct 7, 2008
In corporate news, ailing Hartford Financial Services Group Inc. received a 2. 5 billion investment from European insurer Allianz. (Charles City Press, IO)
Allianz invests $2.5 billion in Hartford Financial Oct 7, 2008
NEW YORK Hartford Financial Services Group Incsaid Monday that Germany's Allianz SE will invest $2. 5 billion in the U.S. life and property insurer, sending Hartford shares up as much as 20 percent, even as it cut its quarterly dividend and forecast losses. (San Diego Union-Tribune -- Business)
Allianz investing $2.5B in Hartford Financial Oct 7, 2008
CHARLOTTE, N.C. Hartford Financial Services Group Inc. said Monday it will receive a $2. 5 billion investment from Allianz SE, a move which may foretell a possible acquisition. (San Diego Union-Tribune -- Business)
Sale of CI stake lets Sun Life look south Oct 7, 2008
Yesterday, Connecticut-based insurer Hartford Financial Services Group Inc. announced that Europe's largest insurer, Allianz SE, will buy $2. 5-billion (U.S.) of its stock and debt. (Globe and Mail)
Allianz invests $2.5B in Hartford; dividend is cut Oct 6, 2008
(AP) Hartford Financial Services Group said Monday that it will receive a $2. 5 billion investment from financial services giant Allianz. (USA Today -- Money)
Despite the Bailout Bill, a Steep Slide Oct 5, 2008
Hartford Financial Services Group plunged 52 percent amid concern that insurers' investments are falling in value. "Banks are starting to choke off credit to even their best customers," said Matthew Kaufler, a money manager at Clover Capital Management. (Washington Post)
Confidence key to financial recovery Oct 5, 2008
"The spiral needs to be broken by a dramatic infusion of confidence," said Quincy Krosby, chief investment strategist at Hartford Financial Services Group in Hartford, Conn. And Wall Street's view is that only one entity is big enough to accomplish that: Uncle Sam. (Fresno Bee -- Business)
Dow Dives 348 Ahead of House Rescue Vote Oct 3, 2008
The rescue] bill isnt going to make everything all hunky-dory tomorrow," said Michael Mainwald, head trader at LEK Securities. The markets weren't helped either by the continued uncertainty surrounding the $700 billion financial rescue package. While the Senate gave the bill a green light late Wednesday, it's not a given the House of Representatives will do the same on Friday. I do think that people sense the economic situation is even more trouble than this bill could solve, said Kenny... (Fox News)
Insurers plunge on Sen. Reid's 'bankrupt' remark... Oct 3, 2008
Shares of Hartford Financial Services (, ) fell about 33%, following a 7% decline on Wednesday. The stock has lost more than half of its value this week. (The Drudge Report)
Insurance Stocks Drop After Sen. Reid Comment Oct 3, 2008
Hartford Financial Services Group Inc, a large life and property insurer, lost 32 percent, its worst one-day percentage drop since at least December 1995. Principal Financial Group Inc, a large life and health insurer, and MetLife Inc, the largest U.S. life insurer, also fell sharply, closing down 16. (ABC News -- Wire)
Insurers look to gain from U.S. selloff frenzy Oct 3, 2008
Hartford Financial Services Group Inc., Prudential Financial Inc. and MetLife Inc. all saw their shares drop dramatically. The silver lining in this frenzied selloff is that it may create an opportunity for Canadian insurers to do some cross-border bargain shopping. (Globe and Mail -- Business)
School closings, cancellations, resumptions Sep 22, 2008
Hartford Financial Services Group -- Houston office closed for business Wednesday, Sept. 17 ... The Hartford Financial Services Group office -- Open. (KHOU.com, TX)
Wachovia Names Zwiener CFO, Steel's First Big Hire Sep 9, 2008
He was previously CFO at Hartford Financial Services Group Inc , the insurer. At Wachovia, Zwiener replaces Thomas Wurtz, who shortly after Steel's arrival announced his planned departure once a successor was named. (ABC News -- Wire)
Manulife to offer Japan investment trusts Sep 9, 2008
Hartford Financial Services ... Hartford Financial Services Group Inc., one of Manulife's key competitors in variable annuities, also said earlier this year that it was considering entering Japan's investment trust market. (Globe and Mail -- Business)
Bulldogs-Hoosiers To Meet In Indianapolis Dec. 6 Sep 6, 2008
The Hartford Financial Services Group, Inc. (NYSE: HIG), partnered last year to become title sponsor of the event. "For nearly two centuries, The Hartford has operated its business by integrating the values of leadership, vision and integrity in all that it does," said Connie Weaver, senior vice president of Marketing and Communications for The Hartford. (Gozags.com)
Irish To Face Ohio State In Hartford Hall Of Fame Showcase Sep 6, 2008
The Hartford Financial Services Group, Inc. (NYSE:HG), partnered last year to become the title sponsor of the event. As a companion to the games, The Hartford Hall of Fame Showcase also features a rich schedule of community outreach programs and a youth clinic. (Und.com)
A Gibraltar of Tough Times Sep 5, 2008
In the U.S., it competes most directly with No. 1 life insurer MetLife () and Hartford Financial Services Group (). A key to Prudential's success is its leading role in private-placement investing, which it pioneered a century ago and dominates. (SmartMoney)
Bay State opens second trade office in China Sep 4, 2008
The Hartford may lose $191m on investments Hartford Financial Services Group Inc., the Connecticut-based seller of life and property insurance, said investment losses may reduce third-quarter earnings by more than $191 million. The villain. (Boston Globe)
No Good News For AIG Aug 26, 2008
Other insurers followed suit: Hartford Financial Services slipped 2. 3%, or $1. (Forbes -- Markets)
Credit crisis taking toll on European insurers Aug 7, 2008
The Travelers, the Hartford Financial Services Group and MetLife all posted profit declines for the April-to-June quarter, and Genworth Financial reported a quarterly loss driven by credit-related investments. . (International Herald Tribune)
Insurer wants US to back coastal coverage Jul 31, 2008
NEW YORK - Hartford Financial Services Group Inc., the Connecticut-based life and property insurer, is proposing a federal catastrophe program that would backstop companies selling residential coverage in coastal areas. The proposal, advanced by chief executive Ramani Ayer, envisions a broader role for private companies in disaster-prone areas including Florida, where a state-run agency grew into the largest insurer by selling coverage at below-market prices. (Boston Globe)
Hartford Q2 Operating Earnings Down Jul 29, 2008
NEW YORK (Reuters) - Hartford Financial Services Group Inc's earnings fell in the second quarter, hurt by a surge in claims from tornado damage and lower investment returns, but the results still beat Wall Street expectations. Hartford, a large life and property-casualty insurer, said on Monday that operating earnings fell 9 percent to $696 million, or $2. (ABC News -- Wire)
PayCycle Eases Small Business Cash Crunch with "Pay-as-You-Go" Workers' Compensation Jul 14, 2008
By partnering with the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. (NYSE: HIG), one of the nation's largest insurance and financial services companies and a leading workers' compensation insurance provider, PayCycle helps take the guesswork out of paying workers' compensation premiums and makes payment as easy as its award-winning online payroll. Traditionally small business owners must make large up-front premium down-payments for workers'... (Yahoo News -- Press Releases)
Your Career: Job hunting a challenge for vets Jun 30, 2008
These are highly talented individuals, says Carol Hartnett, a health and disability expert with The Hartford Financial Services Group Inc., which recently teamed up with The Wounded Warrior Project to host the "Beyond the Battlefield" leadership summit, a conference to help wounded vets improve their leadership and networking skills. I have worked with well over 100 veterans. (MSNBC -- Business)
MARKET PLACE: How much are some investments really worth? May 16, 2008
David Johnson, chief financial officer of the Hartford Financial Services Group, said his company was lucky to have a model to use for pricing when "Market went on holiday.". Darryll Hendricks, global head of quantitative risk at UBS Investment Bank, said regulators should call a meeting of financial companies to let them compare the methods they use to value their assets' collateralized debt obligations so that there will be more consistency in the market. (International Herald Tribune -- Business)
U.S. insurers seek to close what they see as a tax break for foreign rivals May 6, 2008
Other coalition members include Ambac Financial Group, American Financial Group, Berkshire Hathaway, Chubb, EMC Insurance and Hartford Financial Services Group. Senator Clinton, a candidate for the Democratic presidential nomination, embraced the measure on the campaign trail last month in Pennsylvania. (International Herald Tribune -- Business)
Financials under pressure as crisis threatens to spread Apr 14, 2008
This indicates just how quickly tie-ups in the credit markets can happen, said Quincy Krosby, chief investment strategist at Hartford Financial Services Group Inc.. General Electric. (Globe and Mail -- Business)
Why carpal tunnel cases are plummeting Mar 5, 2008
At its height of diagnosis, anybody showing up at a doctors office with wrist pain or hand pain was being diagnosed with carpal tunnel, said Carol Harnett, vice president of insurer Hartford Financial Services Group Inc.s group benefits division. advertisement. (MSNBC -- Health)
No. 5 UCLA Hosts Red-Hot Arizona in Key Pac-10 Game Feb 3, 2008
COLLISON NAMED AS A BOB COUSY AWARD FINALIST UCLA junior point guard was selected as a finalist for the Bob Cousy Award by the Naismith Memorial Basketball Hall of Fame in conjunction with The Hartford Financial Services Group, Inc. (NYSE: HIG) on Feb. 1, 2008. The award is presented by The Hartford annually to the nation's top collegiate point guard. (Uclabruins.com)
