Hartford Losing Its Ties To The Insurance Industry

July 27, 2015 by Hartford Courant (CT)

In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford.

A defensive Connecticut General chief executive promised that the company would still be close by and that the insurer wasn’t “running out on Hartford.”

Anthem Inc.’s planned acquisition of Cigna Corp. — the successor to Connecticut General — may not be as shocking, considering decades of mergers that have challenged the Hartford area’s dominance as a center of insurance. Click here to read…

Originally Posted at InsuranceNewsNet on July 26, 2015 by Hartford Courant (CT).