SIMSBURY, Conn.-- The Hartford Financial Services Group, Inc., one of the leading sellers of group life and disability insurance in America, has acquired 100,000 group life and accident policies from the Union Labor Life Insurance Co., a subsidiary of ULLICO Inc. The $29 million purchase is a strategic acquisition by The Hartford's group life and accident insurance businesses, according to Richard Mucci, executive vice president of The Hartford's Group Benefits Division. The Hartford sells group life and accident policies through Hartford Life Insurance Co. and Hartford Life and Accident Insurance Co.
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When a new claim enters the system, a race against time begins.
June 18
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Investments in hyper-personalization, AI targeting, digital transformation and marketing are taking precedence over customer expectations, the credit bureau finds in its latest study.
June 18 -
AI is not a one-size-fits-all solution to the insurance industry's problems, and many are finding a need for nuance in how they deploy the technology.
June 17 -
Emirates Airline is offering travel insurance that includes medical coverage for war-related incidents and extended-stay support during disruptions, another example of how Gulf carriers are trying to reboot their businesses now that a US-Iran peace deal is on the table.
June 17 -
Carriers that deliver communication quality, clarity of instructions, compassion from staff, and a single dependable point of contact were remembered and chosen again.
June 17
Empathy -
Insurers can break the cycle by expanding their use of global talent, strengthening compliance training and treating administrative support as a strategic capability vs. a back-office expense.
June 16
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