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Company: Hartford Financial Services Group, Inc.
Current Parent Company:
Hartford Financial Services
Parent at the Time of the Penalty Announcement:
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Penalty: $1,300,000
Year: 2009
Date: October 22, 2009
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: The Hartford Financial Services Group agreed to pay $1.3 million in settlement of allegations it colluded with other reinsurance providers and a reinsurance broker to increase costs with anticompetitive schemes.
Level of Government: state
Action Type: agency action
Agency: Connecticut Attorney General
Civil or Criminal Case: civil
Facility State: Connecticut
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.