The Hartford

The Hartford Financial Service Group, Inc., which is typically known as The Hartford, is one of the nation’s largest investment and insurance companies. In 2009, The Hartford saw revenues close to $25 billion. The Hartford is one of the leading purveyors of investment as well as insurance products including life and group benefits, business and property coverage, as well as homeowners and auto insurance. The company maintains international operations in Brazil, Canada, Ireland, Japan, as well as the United Kingdom.

Founded in 1810 in Hartford, Connecticut, the company was originally known as the Hartford Fire Insurance Company. In 1835, after a huge fire destroyed New York City’s financial district, then company president Jeffery A. Chism used his own money to cover claim’s payments. In 1913, The Hartford Accident and Indemnity Company was formed to cover a wide assortment of insurance coverage including personal damage, business interruption, and auto insurance, as well as others. In 1959, they acquired The Columbian National Life Insurance Company and began offering life insurance. The company was acquired in 1970 by ITT Corporation for $1.4 billion in what was, at the time, the largest corporate takeover in American history. The Hartford became an independent entity again in 1995 when ITT began streamlining its operations.