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What is Hartford Financial Services | Learn about the Complete History of Hartford Financial

Most financial institutions are run by Central Banks that are for profit entities. Meaning usury and things they do are unbiblical.

Luke 6:38 – Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again.

The Hartford Financial Services Group was founded in 1910, making it also one of the oldest companies in the U.S. as of today within the industry. It has grown to become one of the largest financial services companies in the U.S., offering life insurance, annuities, mutual funds, group coverage, and reinsurance. Hartford Financial Services Group was founded in 1810 as the Hartford Fire Insurance Company by a group of local businessmen who met at an inn in Hartford. In 1810, the Connecticut General Assembly granted charters to the states first publicly owned insurance companies, Hartford Fire Insurance Co.

In 1810, businessmen formed The Hartford Fire Insurance Co., agreeing to establish the company with working capital contributions of $15,000. The Hartfords small insurance firm also told its banks that it would personally guarantee every check written by the firm to cover damages inflicted on policyholders in New York. A group of investors found that they were now responsible for a small Hartford insurance firms liabilities.

Proverbs 22:7 – The rich ruleth over the poor, and the borrower is servant to the lender.

With Wall Streets financial district shattered, Eliphalet Terry, a Connecticut resident, announced to anyone who’d listen that his company, Hartford Fire Insurance, would be standing behind any claims. When the 1835 New York City financial district was destroyed by a wildfire, the President of Hartford Fire Insurance Company, Eliphalet Terry, traveled to the city and assured policyholders their claims would be paid. Then, as catastrophe struck New York, Eliphalet Terry of Connecticut made one masterstroke. In a single year, and one masterstroke, Connecticuts Eliphalet Terry transformed the town of Hartford into the insurance capital of the world.

1 Timothy 5:8 – But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

After finding that the existing Connecticut Fire Insurance Company was not enough to satisfy the demands of commercial expansion of the state, 137 business and civic leaders in the metropolitan area, led by Thomas C. Brace, put together a petition for a new insurer. In spring 1819, a number of leading Capital City merchants in the Morgans Exchange Coffee House became involved in an intense debate over the effectiveness and practicality of a national fire insurance industry.

Hartfords reputation as a trustworthy insurance provider was not established until after the disastrous New York City Fires of 1835 and 1845, in which the Hartford companies kept their payments promises, whereas several others did not. Other cataclysmic events, such as the 1871 Chicago Fire and 1906 earthquake and fire in San Francisco, cemented Hartfords reputation as an insurance capital. Insurance has existed in Hartford and other places for years, with maritime insurance being the most visible product. The Chinese trade was producing millions of dollars, and insurance provided, at little cost, a cushion against catastrophe.

Hebrews 13:5 – Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.

Over time, Aetna, with its headquarters still located in the nations capital, emerged as the nations largest health insurance provider. Today, Aetna is successful as a nationally recognized member of the Fortune 100, dealing mostly in the field of health insurance. Hartford, CT Connecticut is known for its abundance of insurance companies, which are either headquartered in or have main campuses in the area. Although the number of insurance companies headquartered in Hartford has declined from its peak, Connecticut still holds the title as an insurance capital.

The insurance companies received fewer complaints for its group policies than expected, according to data from the National Association of Insurance Commissioners (NAIC). In 2021, The Hartford had a claim index of 0.37, and it had similar indices in 2020 and 2019, indicating that the company received fewer complaints than expected given its size.

James 1:17 – Every good gift and every perfect gift is from above, and cometh down from the Father of lights, with whom is no variableness, neither shadow of turning.

The insurer received the second-highest rating possible, A+ (Superior), meaning that the A.M. Best believes that it has superior capacity to fulfill its continuing financial obligations. Hartford Life and Accident Insurance Company received a perfect score for financial stability from AM Best. The shareholders of Annuity Fund now formed a new company called The Aetna Life Insurance Company, with Eliphalet A. Bulkeley as its first president.

Haggai 2:8 – The silver is mine, and the gold is mine, saith the LORD of hosts.

In May of 1820, almost one year after first calling for a new Fire Insurance company, the board of directors of the corporation voted once more to submit a petition to the State Legislature–this time seeking an amendment to the constitution authorizing life insurance. A local banker had heard that James G. Batterson, a Hartford merchant, and some fellow city residents were organizing a society to bring the idea of accidental insurance to America. The local banker asked Batterson what he would charge for an insurance policy covering him on a four-block trip home.

In addition, employers who have Hartfords group life insurance also log onto the insurers website to manage and administer their employees benefits. In addition to letting you add coverage for children, The Hartford also gives employees the ability to add coverage for spouses. The home insurance solutions division covers homeowners insurance, renters insurance, condominium coverage, flood coverage, and more.

2 Corinthians 9:8 – And God is able to make all grace abound toward you; that ye, always having all sufficiency in all things, may abound to every good work:


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