US stocks turn higher on job cut report Dec 6, 2008
An upbeat forecast from Hartford Financial Services Group Inc. cut through some of investors' fears that profits among financial firms would continue to spiral lower. The company raised its profit expectations for the yea`Wand quelled some concerns about the strength 7f its balance sheet. (India Times, India)
AARP collects royalties, fees from insurers it endorses Dec 5, 2008
One reason, he learned, was because AARP was taking a cut out of his premium before sending the money to Hartford Financial Services Group, the provider of the coverage. Laupus stumbled onto something that many members of the world's largest seniors' organization don't know: The group, formerly called American Association of Retired Persons, collects hundreds of millions of dollars annually from insurers who pay for AARP's endorsement of their policies. (Boston Globe)
Work continues at business park Dec 5, 2008
The Hartford Financial Services Group recently moved 680 employees into a new building in the business park. Lawrence Adler, a principal in the New Hartford Office Group LLC, said he remains confident in prospects for the business park despite the continuing weakening of nonresidential building. (Utica NY Obserer, NY)
Does citing the facts on immigration mean I am a hate-monger? Nov 27, 2008
wtf wrote on Nov 26, 2008 7:58 AM:" Delta Air LinesDelta ApparelDirect TVEastman KodakEthan AllenEvenfloEvergreen Wholesale FloristEvolving SystemsEvy of CaliforniaExpediaExtrasportExxonMobilFord MotorFoster WheelerFranklin MintFranklin TempletonFreebordersFrito LayFruit of the LoomGeneral ElectricGeneral MotorsGeneration 2 WorldwideGenescoGeorgia-PacificGerber ChildrenswearGlobespanVirataGoldman SachsGold Toe BrandsGoodrichGoodyear Tire & RubberGoogleHaggarHalliburtonHamilton... (Lodi News Sentinel, CA)
Home care workers vote for union-negotiated pact Nov 26, 2008
Johnson joins the mortgage giant from Hartford Financial Services Group, where he was CFO and executive vice president. His predecessor at Fannie Mae, Stephen Swad, left in August and was temporarily replaced by David C. Hisey, Fannie's senior vice president and controller. (Boston Globe)
New Hartford area rises, falls with retail sales Nov 23, 2008
Two of New Hartford s top employers The Hartford Financial Services Group (680 employees) and Utica National Insurance Group (600 employees in the town) are insurance companies. The Hartford has seen its stock go from $95. (Utica NY Obserer, NY)
Rescue The $700 Billion Bailout Nov 22, 2008
Take an announcement last week by Hartford Financial Services Group that it's buying a Florida bank for $10 million, just so it can qualify for $3. 4 billion in bailout funds. (CBS News)
The black hole in financial markets Nov 22, 2008
Cost of 5-year credit protection (basis points above London interbank rate) for Hartford Financial Services. Like subprime loans, more than a third of which are in default, commercial real estate loans bore "outlandish" forecasts for growth and property appreciation, Bloomberg News reported on Thursday. (Asia Times Online)
Market Winners & Losers: Gap, Citigroup Nov 22, 2008
Hartford Financial Services Group Inc. (HIG). This stock, which has been struggling lately, dropped another 11. (Fox News)
Market Winners and Losers: Molson Coors, Prologis Nov 20, 2008
Hartford Financial Services Group Inc. (HIG). It just isnt a good time to be an insurer; the deluge of mortgage defaults continues to bury the industry, taking everyone in its path. (Fox News)
Is Your Insurance Policy in Danger? Nov 20, 2008
In recent days, the Hartford Financial Services Group, Lincoln Financial Group, Genworth Financial and Aegon have all announced plans to apply for the U.S. Treasury Department's Capital Purchase Program, part of the government's $700 billion financial rescue package (also known as the Troubled Asset Relief Program, or TARP). Insurance companies "are suffering very badly because of the losses in their investment portfolios," said Neena Mishra, a senior financial analyst who covers banking and... (ABC News -- Business)
2nd Circuit: Reports Fail to Warn of Kickback Scheme Nov 18, 2008
The circuit decided that general news reports about kickbacks between insurance companies and brokers were not enough to constitute "storm warnings" for purchasers of stock in The Hartford Financial Services Group. Reversing a lower court judge, the circuit vacated a dismissal in , 06-3877. (Law.com)
Insurers Buy Banks in Effort to Get Aid Nov 18, 2008
and Hartford Financial Services Group Inc. said it had struck a deal to purchase Federal Trust Corp., in Sanford, Fla. The insurers' goal: Turn themselves into savings-and-loan holding companies, and thus qualify for infusions from the government under the $700. (Wall Street Journal)
Market Winners & Losers: General Motors, MetLife Nov 18, 2008
Hartford Financial Services Group Inc. (HIG). Any gains made on Nov. 14 were erased on Monday. (Fox News)
Wall Street US stocks slide Nov 18, 2008
Hartford Financial Services Group tumbled 27% after Barclays Plc said the insurer may face more ''negative developments. . (Sydney Morning Herald -- Business)
Four Insurers Seek to Buy Lenders to Get Bailout ... Nov 16, 2008
Those four insurers -- Hartford Financial Services Group (HIG), Genworth (GNW), Lincoln National (LNC) and Netherlands-based Transamerica parent Aegon (AEG) -- all worked to get their bids in for government help before the Friday application deadline. Hartford said it has applied to the Office of Thrift Supervision to become a savings and loan holding company, and has applied to participate in Treasurys Capital Purchase Program. (Fox News)
Hartford And Rivals Try On Thrift Clothing Nov 16, 2008
Hartford Financial Services and some of its insurance rivals wanted to get their hands on part of the pot of money the United States has allocated to bailing out its financial industry. For Hartford Financial Services (nyse: - - ) that means plunking down a bit of chump change for a small savings and loan in the Florida swamplands so that it could become a thrift. (Forbes -- Markets)
110 Banks Have Asked for $170B Under Bailout Plan Nov 16, 2008
One of those companies, Hartford Financial Services Group Inc., said it would be eligible to receive between $1. 1 billion and $3. (ABC News -- Wire)
4 insurers seek to buy thrifts for part of bailout Nov 16, 2008
Hartford Financial Services Group Inc., Genworth Financial Inc., Lincoln National Corp. and Aegon NV, a Dutch company that owns U.S. insurer Transamerica, each asked the Office of Thrift Supervision for permission to acquire an existing thrift. The deadline for filing applications was Friday. (San Diego Union-Tribune -- Business)
Insurers move to get funds as Treasury decides on more requests Nov 15, 2008
Hartford Financial Services Group Inc., Genworth Financial Inc., , and , a Dutch company that owns US insurer Transamerica, each asked the Office of Thrift Supervision for permission to acquire an existing savings and loan. At least 110 banks have requested more than $170 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before yesterday's deadline. (Boston Globe)
Market Winners & Losers: Dell, Liz Claiborne Nov 15, 2008
Hartford Financial Services Group Inc. (HIG) Add another log to the TARP fire -- news of HIG's plan to become eligible for the government's bailout funding boosted the stock more than 20. The stock finished the week trading at $12. (Fox News)
Wall Street's Afternoon Delight Nov 15, 2008
Elsewhere on Wall Street, shares of Hartford Financial Services (nyse: - - ) spiked 24. 8%, or $2. (Forbes -- Markets)
Hartford Financial Soars on Plan to Join TARP Nov 15, 2008
NEW YORK (Reuters) - Hartford Financial Services Group Inc , a property and casualty insurer beset by worries about capital levels, said on Friday it agreed to buy a small savings and loan, making it eligible to raise up to $3. 4 billion from the U.S. government's bank bailout plan. (ABC News -- Wire)
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)
