Almost immediately, the Aetna Fire Insurance Company challenged its competitors for supremacy in a competitive, yet unstable, market. On a hot summer morning in , however, the fortunes of the young company took a drastic turn. An unidentified boat captain arrived in Hartford from New York City and entered the Aetna offices then located on State Street frantically announcing that New York City was completely engulfed in flames.
Never did I hear such a clanging of fire bells; we could see at various points crowds of people running frantically up the streets; the city was in a tumult; and we heard men on the docks calling out that New York was doomed this time!
Aetna president Thomas K. Brace hastily made his way down to assess the damage and estimate losses. This reputation soon spread, not just through the northeast but throughout the entire nation—made physically evident by the many small tin Aetna signs placed on the front of public and private buildings across the country.
As the company continued to expand now in two directions , the unique business demands of fire underwriting and life insurance became increasingly clear.
He even used his personal wealth to do so! Connecticut is still home to more than insurance companies. Globalization and cost consciousness have caused some companies to relocate out of Hartford or diversify their locations.
With the advent of the internet, it is less essential to be located in the insurance capital of the world. Notify me of new posts via email. Share this: Twitter Facebook. Like this: Like Loading Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in:.
Email required Address never made public. Name required. Follow Following. Sign me up. Already have a WordPress. Often overshadowed by larger New England cities, the capital of the state of Connecticut is well worth visiting. Downtown Hartford is perfectly safe after 8PM. Based on crime occurrences, local Hartford crime placed the city as the 2nd most dangerous in Connecticut for both violent and property crimes.
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