The Hartford Adopts New Replacement Cost Tool for Homeowners Insurance
The Hartford Financial Services Group, Inc., (NYSE: HIG), today announced that it's using 360Value®, a replacement cost tool developed by ISO subsidiary Xactware Solutions, to estimate replacement costs for all of its new homeowners insurance policies.
360Value®, which operates off a single user interface and integrates third-party property data, enables The Hartford and its agents to estimate – with limited property information – the cost of replacing a home in the event of a claim.
Hartford agents can access 360Value® as part of its agent quoting system at no additional cost. For more information, agents should visit https://ebc.thehartford.com.
About The Hartford
Celebrating 200 years of helping its customers achieve what's ahead, The Hartford (NYSE: HIG) is an insurance and wealth management company. Through its unique focus on customer needs, the company serves businesses and consumers by providing the products and solutions they need to protect their assets and income from risks and manage their wealth and retirement needs. A Fortune 100 company, The Hartford is recognized widely for its service expertise and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.
Xactware Solutions, Inc. (Xactware) is a wholly owned subsidiary of ISO specializing in the property insurance, remodeling, and restoration industries. Xactware’s technology tools include software estimating programs for PCs and tablet PCs, as well as powerful online systems for replacement-cost calculations, estimate tracking, and data trending in real time. ISO is a subsidiary of Verisk Analytics, Inc. (NASDAQ: VRSK).
For more information about Xactware’s products and services, contact Xactware at 1-800-424-9228 or at www.xactware.com. For more information about 360Value, visit www.360-value.com.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Annual Report for fiscal year 2009 on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.