HARTFORD, Conn., March 24 /PRNewswire-FirstCall/ -- The Hartford Financial Services Group, Inc. , a leading U.S. provider of group disability and life insurance, has expanded its commitment to the medical marketplace with the launch of a strategic national partnership with MD Group Insurance, Inc., a national benefits consultant, to provide superior specialized group disability, life and accident insurance to physician groups.
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Under the partnership, which is an outgrowth of a long-standing relationship with The Hartford, MD Group Insurance will provide an array of services, including support for The Hartford's sales representatives with marketplace comparisons, training, producer forums, as well as competitive benchmarking.
The Hartford's dedicated approach to serving the healthcare industry includes a state-of-the-art group long- and short-term disability contract; enhanced group life, and accident insurance products; specialized underwriting, claims and customer service teams; and easy-to-use tools to help employers and employees manage benefits.
"With more than four decades of experience, The Hartford has one of the longest continuous commitments to physician groups in the United States, and we are strengthening that deep dedication with this dynamic partnership that brings together first-rate service, enhanced systems, skilled plan design and strong underwriting under one roof," said Ron Gendreau, senior vice president in The Hartford's Group Benefits Division. "The Hartford also worked with producers to develop a comprehensive, innovative package of features that squarely meets the unique needs of physicians and their businesses."
"I'm thrilled to partner with a well-respected, financially strong industry leader like The Hartford. We have a unique knowledge and understanding of the provider healthcare environment and nuances of the contractual provisions that provide coverage for this niche industry," said Ron Weltmann, founder of MD Group Insurance.
About MD Group Insurance
MD Group Insurance is dedicated to ensuring medical professionals are provided with the highest quality benefits, products and services. Based in Salt Lake City, Utah, the national firm provides niche expertise for the group medical industry, including benefit plan design and contract comparison and analysis. MD Group Founder Weltmann's 30-year career spans both the insurance and health care industries. Bill Lawrence, vice president of MD Group, has received wide visibility as one of the leading technical physician product support people in the country. For more information, visit http://www.mdgroupins.com/
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest financial services and insurance companies, with 2005 revenues of $27.1 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, Brazil and the United Kingdom. The Hartford's Internet address is http://www.thehartford.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 Quarterly Reports on Form 10-Q, our 2005 Annual Report 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.
Contacts:
Kelly J. Carter Dave Lafrennie
(860) 843-9420 (860) 843-6154
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