Special Section sponsored by
The Hartford
Program categories include: transportation classifications, youth camps, equipment dealers, health care facilities, security guards, railroad services, maritime employees, entertainment rental and more
As The Hartford celebrates its bicentennial in 2010, it proudly spotlights great
moments in its 200-year history—providing contract bonds for construction of the Hoover Dam and Golden Gate
Bridge, issuing policies to Abraham Lincoln, Babe Ruth and other notables, and
handling claims from the Great Chicago Fire of 1871 and the San Francisco
Earthquake of 1906.
The Hartford’s 200th anniversary was formally saluted on May 10, 2010, when company officials
rang the opening bell at the New York Stock Exchange.
Many years before that date, of course, The Hartford raised the curtain on its
efforts to work with agency partners who focus on program administration. The
company has been writing programs for more than two decades and began its
partnership with the Target Markets Program Administrators Association (TMPAA)
in 2005.
“Our membership within the TMPAA and the networking opportunities it offers have
helped us grow our portfolio to 54 active programs,” says Richard Suter, assistant vice president of program business development
for The Hartford’s Captive & Specialty Programs segment. “Given the association’s program focus, we always find value in sponsoring and attending the national
meetings.”
According to Suter, The Hartford is off to a great start in 2010, with six new
programs up and running as of July. “This puts us on pace to hit our goal of 10 new programs by year’s end.”
“Our flexibility and the strength of The Hartford brand are key reasons for our
continuing growth with programs,” states Scott Stevens, The Hartford’s assistant vice president of Specialty Programs. “We are one of the few program markets that can offer an all-lines solution in
all states—including workers compensation.”
Vice President Deborah Bibbins, who heads The Hartford’s Captive & Specialty Programs segment, adds, “One aspect of our flexibility is our capability to share risk with our program
administrators through either a captive arrangement or a sliding scale
commission model.”
Among the best-known program categories in which The Hartford specializes is
higher hazard transportation. One of its most popular aspects is the
Specialized Truck Equipment Program (STEP), which covers manufacturers that
attach truck bodies to ambulances, trailers, fire trucks, dump bodies and other
rolling stock. Programs for tow trucks, taxi cabs, limousines, school buses,
paratransit and long-haul trucking are also within The Hartford’s transportation capabilities. “The Hartford is pleased to be one of the insurance market leaders in these
industries,” said Stevens.
Some of The Hartford’s other administered programs include: long-term health care facilities,
equipment dealers, craft breweries, workers compensation for maritime
employees, scrap metal dealers, water well drillers, entertainment rental, and
security guards.
To learn how your agency can benefit by associating with The Hartford, contact
Richard Suter, assistant vice president, program business development, at
860-547-4470 or richard.suter@thehartford.com.
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Richard Suter
Assistant Vice President, Program Business Development
The Hartford |
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