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U.S. Auto Insurers’ Strong Performance Recovery to Continue Through 2025

August 15, 2024 By CollisionWeek Editor

Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]

Filed Under: News Tagged With: Auto Insurance, Cincinnati Financial Corporation, Combined Ratio, GEICO, Net Written Premiums, Progressive Insurance, State Farm, The Hartford

The Hartford Announces New Structure Combining Operations And Technology

March 4, 2024 By CollisionWeek Editor

The Hartford announced it is bringing together its Operations and Technology, Data, Analytics & Cyber functions expanding Deepa Soni’s role as chief information officer and head of Technology, Data, Analytics & Cyber to include Operations “Over the past several years, we have invested aggressively in technology – expanding digital capabilities, simplifying processes and platforms, and […]

Filed Under: News Tagged With: Artificial Intelligence, People, The Hartford

Stephen Deane Named Chief Claims Officer at The Hartford

October 20, 2023 By CollisionWeek Editor

The Hartford has appointed Stephen Deane chief claims officer effective Nov. 6. Deane will report directly to John Kinney, head of Claims and Operations, and will be a member of The Hartford’s executive leadership team. He succeeds Mary Nasenbenny, who will retire at the end of 2023. The Hartford is the 17 largest private passenger […]

Filed Under: News Tagged With: People, The Hartford

The Hartford’s Stefanie Zacchera Reelected HLDI Board Chair for 2023

February 7, 2023 By CollisionWeek Editor

Stefanie Zacchera, vice president of personal lines data and analytics at The Hartford, will serve another year as chair of the Highway Loss Data Institute’s Board of Directors. Zacchera was reelected to the position after serving as chair in 2022. “It’s been an honor to serve as chair over the past year, and I am […]

Filed Under: News Tagged With: Board of Directors, Highway Loss Data Institute, People, The Hartford

The Hartford’s Stefanie Zacchera Elected HLDI Board Chair

February 2, 2022 By CollisionWeek Editor

The Highway Loss Data Institute (HLDI) announced the election of Stefanie Zacchera as chair of its Board of Directors. Zacchera is vice president of personal lines data and analytics at The Hartford. She succeeds Kathleen Ores Walsh, vice president of pricing and product analytics at USAA. Ores Walsh remains a member of the Board. “HLDI’s […]

Filed Under: News Tagged With: Board of Directors, Highway Loss Data Institute, People, The Hartford

Hartford Rejects Additional Takeover Offers from Chubb Group

April 22, 2021 By CollisionWeek Editor

Board of Directors rejects two more Chubb proposals. The Hartford Financial Services Group Inc. (NYSE: HIG) today announced the receipt of two additional unsolicited proposals from Chubb Limited (NYSE: CB) to acquire the company. According to Hartford, it received a letter dated March 30, where Chubb said it was prepared to offer “in excess of […]

Filed Under: News Tagged With: Acquisitions, Chubb Limited, The Hartford

Chubb Responds to Hartford Rejection of Acquisition Offer

March 29, 2021 By CollisionWeek Editor

Chubb Limited (NYSE: CB) today issued a statement in response to the recent statement from the board of Hartford Financial Services Group Inc. (NYSE:HIG) rejecting Chubb’s acquisition offer for the insurer. According to Chubb, “As demonstrated ‎by our industry-leading returns and underwriting performance, we have created an unsurpassed franchise in the insurance industry and its […]

Filed Under: News Tagged With: Chubb, The Hartford

The Hartford Board Rejects Chubb Acquisition Proposal

March 23, 2021 By CollisionWeek Editor

The Hartford (NYSE:HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The […]

Filed Under: News Tagged With: Acquisitions, Chubb Limited, The Hartford

Chubb Limited Proposes to Acquire The Hartford

March 19, 2021 By CollisionWeek Editor

Chubb The Hartford

Chubb Limited (NYSE:CB) and The Hartford (NYSE:HIG) confirmed that Chubb made an unsolicited offer to acquire the company. The Hartford was the 20th largest private passenger automobile insurer in the U.S. with over $2 billion premiums written in 2019 and the 12th largest commercial auto insurer with over $775 million in premiums written. Chubb is […]

Filed Under: News Tagged With: Acquisitions, Chubb Limited, The Hartford

Tractable Announces Partnership with The Hartford for AI Claims Processing

January 28, 2021 By CollisionWeek Editor

A day after announcing a partnership with Mitchell International to incorporate its Tractable artificial intelligence (AI) technology into Mitchell Intelligent Estimating, the company announced that The Hartford, the 20th largest provider of private passenger automobile insurance in the U.S., is using Tractable’s AI solution to analyze auto damage in the U.S. Tractable uses computer vision […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, The Hartford, Tractable

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