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1970: The Hartford was acquired by ITT Corporation for $1.4 billion, [17] at the time the largest corporate takeover in American history. The combined company was renamed ITT-Hartford Group, Inc. 1959: Expanded into the life-insurance business by acquiring The Columbian National Life Insurance Company in Boston, Massachusetts. [citation needed]
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
J. Patrick Rooney, chairman, president, and chief executive officer of Golden Rule Insurance Company until his retirement in 1996 [26] John Rowe, chief executive officer of Aetna from 2000 to 2006 [27] V. J. Skutt, president and chief executive officer of Mutual of Omaha until 1984, [28] later named chairman emeritus [29]
The Phoenix Mutual Life Insurance Building, locally called the "Boat Building", is a notable Modernist office building located on Constitution Plaza in Hartford, Connecticut. Designed by Max Abramovitz and completed in 1963, it is listed on the National Register of Historic Places and is the world's first two-sided building.
Coaction Specialty Insurance; Colonial Life & Accident Insurance Company; Colonial Penn; Columbia Insurance Group; Combined Insurance; Commerce Insurance Group; Commerce National Insurance; Commonwealth Land Title Insurance Company; Compass Rose Benefits Group; Confie; Connect (insurance company) Consolidated Indemnity and Insurance Company ...
The Hartford Steam Boiler Inspection and Insurance Company (HSB) is a global specialty insurer and reinsurer headquartered in Hartford, Connecticut. It was founded in 1866 and is the largest provider of equipment breakdown insurance and related inspection services in North America serving over five million commercial locations.
Corporate-owned life insurance (COLI), is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. Other names for the practice include janitor's insurance and dead peasants insurance .