The Hartford Financial Services Group, Inc.
(), usually known as The Hartford
, is a Fortune 100
company and one of America’s largest investment and insurance
companies. With 2009 revenues of $24.7 billion, The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. The company’s international operations are in Japan, the United Kingdom, Canada, Brazil and Ireland. The company’s earnings are divided equally between property-and-casualty operations and life operations.
The Hartford was originally founded in 1810 in Hartford
. A group of local merchants gathered in a Hartford inn and, with working capital of $15,000, founded the Hartford Fire Insurance Company. The company survived some of the greatest peacetime tragedies in America’s history. After a huge fire destroyed New York’s financial district in 1835, The Hartford’s president, Jeffery A. Chism, used his personal wealth to cover all of the company’s damage claims. Other catastrophic events included the Chicago fire of 1871 and the 1906 San Francisco earthquake and fire.
Over the years, the company has expanded its business. In 1913, the company formed The Hartford Accident and Indemnity Company to provide a wide variety of insurance coverage, including accident, automobile-liability, personal-damage, business-interruption and more. In 1959, the... Read More