Declaring that the company has learned its lesson from the economic crisis, The Hartford's chief executive officer outlined a new strategy for growth while putting enterprise risk management front and center.

Besides preventing the risk of spreading flames, automatic sprinkler systems have an environmental benefit, according to research by an insurer and a charity group, which set a few fires to discover this.

During the past two years, the number of lawsuits against recreation and entertainment business venues has steadily risen. In today's struggling economy, even the smallest incident can result in a lawsuit.