The recently released 2012 Satmetrix Net Promoter Benchmark Study reveals the leaders and laggards in customer loyalty within the insurance industry. See who's at the top and bottom in the homeowners, auto, health and life insurance sectors.
The recently released 2012 Satmetrix Net Promoter Benchmark Study reveals the leaders and laggards in customer loyalty within the insurance industry. See who's at the top and bottom in the homeowners, auto, health and life insurance sectors.
While Hartfords decision to exit its life operations to focus on its property and casualty business is credit positive, the plan may take a long time to materially reduce the companys total risk, according to Moodys Investors Services.
Hedge fund titan John Paulson tried on Friday to enlist securities analysts in his effort to force Hartford Insurance Group to separate its property and casualty businesses from the lesser-performing life businesses.
Ongoing economic uncertainty, weak investments and a spate of record-breaking catastrophes made 2011 challenging for most insurers. But executives are hopeful that firming prices, a history of success in selected markets and a little luck could make 2012 the insurance industrys turnaround year.
Liam E. McGee, CEO of The Hartford Financial Services Group, says 2011 second-quarter catastrophe losses for the company may exceed the $200 million total the company was hit with in the 2010 second quarter.
Saying the company ended 2010 on a strong note, The Hartford Financial Services Group Inc. reported net income rose 11 percent from the previous year, benefiting from rate increases and a rise in investment income.