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NEWS RELEASE
May 5, 2008
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com
The Hartford Media Contact: Thomas Hambrick
(860) 547-9746
Thomas.hambrick@thehartford.com
American Bankers Association Endorses The Hartford for Property & Casualty Insurance
HARTFORD, Conn. and WASHINGTON, May 5, 2008 –– The American Bankers Association, through its subsidiary the Corporation for American Banking, has announced its endorsement of The Hartford's Property and Casualty Insurance for Banks.
The ABA endorsement includes The Hartford's bank-specific coverages designed to help banks protect their business against unexpected losses.
The Hartford offers banks comprehensive coverages to address the unique insurance needs of banks, as well as standard lines coverages. The endorsement also recognizes the company's loss control, risk management and multi-state claims services.
The Hartford's ABA-Endorsed Property & Casualty Insurance Solution for Banks includes:
- Bank-Specific Coverages – Mail Transportation, Trust Properties, Repossessed Automobile, ATMs, and more;
- Standard Lines Coverages – Property, Workers' Compensation, General Liability, Commercial Automobile, Umbrella; and
- Exceptional Services – Value-added Risk Management Services, Designated Claims Services for Specific Bank coverages, 24/7 Claims Reporting.
"The Hartford has a longstanding commitment to financial institution customers. Our considerable experience in helping banks protect their business against unplanned losses is well known, as is our financial stability and exceptional customer service," said Stephanie Bush, senior vice president of middle market at The Hartford. "ABA members and banks around the country now have the opportunity to select The Hartford's comprehensive insurance solution endorsed with the ABA's industry seal of approval."
"The Hartford has been a trusted insurance provider for nearly 200 years," said John Wolff, president of the ABA's Corporation for American Banking. "We've selected The Hartford as the choice for our members based on the company's A+ rating from AM Best and its commitment to tailoring products and services that address the growing needs of the community bank market. In addition, The Hartford's solution complements the ABA-Sponsored Bond and D&O program, underwritten by Progressive, and allows us to meet all of the insurance needs of our members."
To learn more about the ABA's endorsement of The Hartford, visit Banks.TheHartford.com or www.aba.com.
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, Brazil and the United Kingdom. The Hartford's Internet address is www.thehartford.com.
About ABA
The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry's $12.7 trillion in assets and employ over 2 million men and women. ABA can be found on the Internet at www.aba.com.
HIG-PC
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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