ASBESTOS UPDATE: Hartford Increases After-Tax Reserves by $189MM

Items impacting The Hartford Financial Services Group Inc.’s 2011 second quarter results include a reserve increase of US$290 million, pre-tax, or US$189 million, after tax, resulting from the Company’s annual review of its legacy asbestos liabilities, according to a Company…

ASBESTOS UPDATE: Hartford Posts $1.78-Bil Dec. 31 Net Liability

The Hartford Financial Services Group, Inc.’s net asbestos-related liability amounted to US$1.787 billion during the year ended Dec. 31, 2010, compared with US$1.892 billion during the year ended Dec. 31, 2009.

The Hartford Financial Services Group, Inc. is an insurance and…

ASBESTOS UPDATE: Hartford Liability at $1.94-Bil. at June 30

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.944 billion for the three and six months ended June 30, 2010, according to the Company’s quarterly report filed on Aug. 4, 2010 with the Securities and Exchange Commission.

The Company’s…

ASBESTOS UPDATE: Hartford’s Net Liability at $1.822B at March 31

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.822 billion for the three months ended March 31, 2010, according to a Company report, on Form 8-K, filed on April 29, 2010 with the Securities and Exchange Commission.

The Hartford…

ASBESTOS UPDATE: Hartford Cites $72MM Paid Loss, LAE at March 31

The Hartford Financial Services Group, Inc.’s net asbestos- related paid losses and loss adjustment expenses (LAE) were US$72 million during the three months ended March 31, 2010, according to the Company’s quarterly report filed on April 29, 2010 with the…

ASBESTOS UPDATE: Hartford Has $1.940B Net Liability at Sept. 30

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.940 billion for the three and nine months ended Sept. 30, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Nov. 3, 2009.

The Company’s…

ASBESTOS LITIGATION: Hartford Still Party to Insurance Lawsuits

Like many other insurers, The Hartford Financial Services Group, Inc., continues to be joined in actions by asbestos plaintiffs, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 29, 2009.

The plaintiffs assert that insurers…

ASBESTOS LITIGATION: Hartford Cites $1.997B Liability at June 30

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.997 billion during the three and six months ended June 30, 2009, according to a Company report, on Form 8-K, filed with the Securities and Exchange Commission on July 29,…

ASBESTOS LITIGATION: Hartford Cites $1.84B Liability at March 31

The Hartford Financial Services Group, Inc.’s net asbestos liability was US$1.845 billion for the three months ended March 31, 2009, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 30, 2009.

The Company’s net asbestos-related…

ASBESTOS LITIGATION: Hartford Still Involved in Insurance Cases

The Hartford Financial Services Group, Inc. continues to face actions by asbestos plaintiffs, according to the Company’s quarterly report filed with the Securities and Exchange Commission on April 30, 2009.

These plaintiffs assert that insurers had a duty to protect the…