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26 Nov, 2008 1:20 am
... decision granting class action plaintiffs another opportunity to make their securities fraud claims against Hartford Financial Services Group Inc. The district court had previously dismissed the class action lawsuit as
untimely under the 1934 ... 's decision saying the information the plaintiffs had was not enough to place them on notice by July 2001 that Hartford was likely going to be investigated for "contingent" commissions. The appeals court also noted that Spitzer's lawsuit connected Hartford ...
12 Nov 3:53 am
Think malpractice insurance is only for attorneys in private practice? Think again. The Hartford recently launched an insurance package that
can help cover risks for in-house attorneys. Read on for more information about the areas of coverage - and don't forget to read a prior post on the issue. The Hartford Financial Services Group, Inc. now offers a
professional liability policy specifically for staff attorneys. The Hartford Employed Lawyers Choice Liability PolicySM is ...
9 Mar 7:01 am
Various news reports citing anonymous sources on Friday said that Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial
Inc.of Canada, a fine company north ... States advanced life insurance and estate planning market with Sun Life Assurance Company of Canada (and its New York subsidiary).
Splitting the Hartford, Conn.-based insurer in two and unloading most of the life division is among the options being discussed, although a
deal isn ...
6 Apr 1:42 pm
... by a plaintiffs' broker in connection with the settlement. Defendants The Hartford Financial
Services Group, Inc. Hartford Life, Inc. Hartford Life Insurance Company Hartford Accident and Indemnity Company Hartford Casualty Insurance Company ... 4% commission cost to the claimant while falsely portraying the brokers as independent. In return, the approved
brokers provided Hartford with outside markets for structured settlement annuity sales through their relationships with other P&C insurance
...
29 Sep 6:15 pm
One hopes for the sake of its policyholders that Liam McGee brings the luck of the Irish to The Hartford. Ireland born McGee was tapped as the
new CEO of 199 year old Hartford Financial Services
Group, Inc., which has struggled in the last year. McGee has a strong banking background and was most ... . May the crow never pick your haystack. And may your donkey
always be in foal". Read Wall Street Journal coverage about Liam McGee and Hartford Financial
Services Group, Inc.
26 Jul, 2007 3:00 am
On July 23, 2007, The Hartford Financial Services
Group, Inc. announced settlements of recent investigations for a total of $115 million in restitution and penalties. Specifically, the Company entered into a settlement
with the New ... ' of New York, Connecticut and Illinois, as well as New York Insurance Department. With respect to the producer compensation settlement, The Hartford has agreed cease contingent compensation practices in its property-casualty business in which more than 65% of the U.S ...
24 Apr 9:54 am
Citing sources familiar with the matter, Reuters reports today that "Hartford Financial
Services Group Inc. is trying to sell its property/ casualty insurance business, said Thursday, as the U.S. insurer reels from
massive losses. Hartford has retained Goldman Sachs, which has been calling potential bidders for the property/ casualty business". The story
was also carried in The Insurance Journal. Reuters also reported that talks with Sun Life of Canada on the life side have ended. Stay tuned.
15 Nov, 2008 5:18 am
... on Friday November 14, 2008. The Hartford Financial Services Group, parent of current structured annuity issuer Hartford Life Insurance Company, Genworth
Financial Inc., and Aegon NV, ... FDIC-insured savings bank owned by Federal Trust Corp. of Sanford, Florida.Genworth Financial Inc.applied to acquire the Inter Savings Bank, Aegon NV, parent of insurer Transamerica, applied to acquire Suburban Federal Savings Bank.
The Hartford said it would be eligible for anywhere between $1.1 billion and $3.4 ...
24 Jul, 2007 11:37 am
... [www.nyse.com]. The NYSE said that the Smith Barney Division of Citigroup Global Markets, Inc. failed to supervise branch offices and financial consultants "who engaged in market timing, including the use of deceptive trading practices to conceal their ... Global Markets for Improper Market
Timing of Mutual Funds by Brokers, July 24, 2007). Elsewhere in the news, The Hartford Financial
Services Group paid $115 million to settle accusations that it allowed deceptive market timing in mutual funds. ( ...
1 Mar 4:31 am
... company. This week there was news that A.M. Best Co. downgraded the financial strength ratings of key subsidiaries of The Hartford Financial Services Group, Inc. from A+ (Superior)
to A (Excellent). The downgrade was due to its general account investment portfolio and retail ... industry. In our catastrophic personal injury practice in Atlanta, we now regularly
monitor reports on the financial health of defendants' insurers. Concerns about the economy may lead to efforts to get some cases on trial ...
28 Aug 1:25 pm
... 1998 ISO policy, found that a suit by the AARP against Mailers alleging a fraudulent scheme to sell financial services to older America's that falsely claimed endorsement by the AARP did not fall within ... in this policy form as it is part of the 1986 standard policy
form because of the Sport Supply Group, Inc. v. Columbia Cas. Co., 335 F.3d 453, 464-65 ( ... relief trademark infringement. See also Lebas Fashion Imports of USA,
Inc. v. ITT Hartford Ins. Group, 50 Cal. App. 4th 548, 565 (Cal. Ct. App. ...
19 May 2:51 am
... firm in their commitment to value, innovation, and diversity even in the face of adversity. Winner: The Hartford Financial Services Group Inc. Runner-Up: International Business Machines Corporation Finalist: Exelon
Corporation See below what ... personally argue motions and examine witnesses. They foster creative approaches and solutions: In-house lawyers at The Hartford are encouraged to experiment with new approaches. When parties in a massive asbestos case agreed to a settlement that would have ...
19 Aug, 2007 6:00 am
... . In April 2003, the Rockingham county attorney in Kingston, New Hampshire, found that a unit of Hartford Financial Services Group Inc. had deleted the replacement cost portion of the homeowner's policy of
Terry Bennett after his ... in court, and we're confident we will prevail." Ed Essa, a spokesman for Calabasas, California-based Countrywide Financial Corp., the parent of Meritplan, says the company confidentially settled a lawsuit with the Smiths in March. Another engineer involved in Katrina,
...
19 Aug, 2007 6:00 am
... . In April 2003, the Rockingham county attorney in Kingston, New Hampshire, found that a unit of Hartford Financial Services Group Inc. had deleted the replacement cost portion of the homeowner's policy of
Terry Bennett after his ... in court, and we're confident we will prevail." Ed Essa, a spokesman for Calabasas, California-based Countrywide Financial Corp., the parent of Meritplan, says the company confidentially settled a lawsuit with the Smiths in March. Another engineer involved in Katrina,
...
19 Aug, 2007 1:00 pm
... . In April 2003, the Rockingham county attorney in Kingston, New Hampshire, found that a unit of Hartford Financial Services Group Inc. had deleted the replacement cost portion of the homeowner's policy of
Terry Bennett after his ... in court, and we're confident we will prevail." Ed Essa, a spokesman for Calabasas, California-based Countrywide Financial Corp., the parent of Meritplan, says the company confidentially settled a lawsuit with the Smiths in March. Another engineer involved in Katrina,
...
28 Jan 1:22 pm
... most recently served as the President and Chief Operating Officer for Property and Casualty operations of The Hartford Financial Services Group, Inc. Prior to that, Mr. Wolin worked as Executive Vice President and General
Counsel to the Hartford ... Bassin to be Deputy Associate Counsel to the President. Mr. Bassin recently served as a member of the Education
Policy Working Group for the Presidential Transition Team, and had earlier served as the Florida Policy Director on the Obama Campaign for ...
23 Apr, 2008 7:40 am
... Industry ("FSI"), and Pacific Life Insurance Company, The Hartford Financial Services Group, Inc., and John Hancock Life Insurance Company (U.S.A.) (not ... /Microsoft/Symantec"), International Business Machines
Corporation ("IBM"), and Red Hat, Inc. ("Red Hat"). Biotechnology and Pharmaceutical Sector Much of the debate challenging the State ... dismissal of a petition for certiorari in
Lab Corp. of Am. Holdings v Metabolite Labs., Inc., 126 S. Ct. 2921, 2928 (2006) (Breyer, J. dissenting), where he ...
20 Nov, 2008 9:37 am
... McMahon wrote that "this article, and the remaining small amount of public information available about contingent commissions at The Hartford, was not enough to create a duty to inquire." As a matter of law, an ordinary investor who "stumbled across" this article ... of more-than-ordinary
intelligence filed a lawsuit against subsidiaries of The Hartford in 2001 cannot be used as a bellwether for the adequacy of the storm warnings
at that time. Staehr v. The Hartford Financial Services
Group, Inc.
16 Nov, 2007 12:27 am
... loans could face up to $3 billion in losses as angry investors sue those financial companies, according to two insurance brokers. Property
casualty insurers provide coverage for ... far we've seen over 20 shareholder lawsuits," said Michael White of Willis Group Holdings Ltd (WSH.N: Quote, Profile, Research) on
Wednesday. "Insurers are looking at ... (ZURN.VX: Quote, Profile, Research), Hartford Financial
Services Group Inc (HIG.N: Quote, Profile, Research) (HIG.N: Quote, Profile, Research) and Chubb ...
23 Dec, 2008 7:00 pm
... allow shareholders an advisory vote to ratify the compensation of named executive officers was adopted by the Board of Directors of Blockbuster Inc. It was withdrawn at Par
Pharmaceuticals based on the Board of Directors' commitment to adopt the policy in 2009. Social and Environmental ... six companies: Allegheny Technologies; Capital One Financial Corp.; CIGNA Corp.; Hartford Financial Services Group, Inc.; Dillard's, Inc.; and, Regions Financial Corp. One company--Borland
Software Corporation-- ...
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