Company Overview of Hartford Fire Insurance Company, Inc.
Hartford Fire Insurance Company, Inc. offers insurance products including auto and fire insurance. The company was formerly known as ITT Hartford Insurance Company. The company was founded in 1810 and is based in Hartford, Connecticut. Hartford Fire Insurance Company, Inc. operates as a subsidiary of The Hartford Financial Services Group Inc.
One Hartford Plaza
Hartford, CT 06155
Founded in 1810
Key Executives for Hartford Fire Insurance Company, Inc.
Hartford Fire Insurance Company, Inc. does not have any Key Executives recorded.
Hartford Fire Insurance Company, Inc. Key Developments
Hartford Fire Insurance Sued for Failing to Cover Company's Loss from Email Scam
Jul 28 14
A policyholder filed a lawsuit against Hartford Fire Insurance Co. alleging the insurer wrongfully denied a theft claim. According to the lawsuit, Hartford provided business crime and computer fraud insurance to Raytex Frabrics Inc. Raytex alleges that it was the victim of a scam in which a third party purporting to be an employee in the company's China office emailed instructions to direct a wire transfer from the company's bank. Raytex alleges that the payment for the alleged invoice was made, resulting in a theft claim on the Hartford policy. The company ultimately lost $174,720 in the scam. The lawsuit alleges that Hartford wrongfully failed to pay the claim. Hartford removed the case to the U.S. District Court for the Eastern District of New York.
Connecticut Judge Orders Hartford Fire Insurance Co. to Pay $20 Million in Punitive Damages to Automobile Body Shops
Jun 12 13
A Connecticut judge has ordered Hartford Fire Insurance Co. to pay $20 million in punitive damages to automobile body shops in a class-action lawsuit that alleged unfair trade practices against the insurer. A jury had previously awarded $14.76 million in compensatory damages, Judge Trial Referee Alfred J. Jennings of the Connecticut Superior Court said in court papers. The jury rendered its verdict on Nov. 17, 2009. It found the plaintiffs had proved by a preponderance of the evidence that Hartford's practices regarding hourly labor rates to be paid to the plaintiffs for auto body repairs was an unfair trade practice. According to the decision, Hartford is alleged to have wrongfully steered its insureds and other insurance claimants to auto body repair shops favored by Hartford and that were part of Hartford's customer repair service program. Hartford through positive and negative employee incentives forced its independent appraisers to establish an artificially low standard of hourly labor rates for auto body repair work in Connecticut. The conduct caused damage in the form of lost revenues to the plaintiff shops. The case was a class action brought on behalf of a class made up of more than 1,000 Connecticut auto body shops, against Hartford Fire. The Auto Body Association of Connecticut was among the plaintiffs. The Connecticut Superior Court had granted class action status, which was affirmed on appeal. Later, Hartford asked that the verdict for the plaintiffs be set aside. The insurer also argued that the plaintiffs did not prove that an offense to the public policy of the appraiser's code of ethics caused an ascertainable loss to the class. The plaintiffs had moved post-trial for an award of punitive damages, according to the decision.
Similar Private Companies By Industry
Recent Private Companies Transactions
September 30, 2014
Most Searched Private Companies
Sponsored Financial Commentaries