January 26, 2015 4:29 PM ET


Company Overview of The Hartford Steam Boiler Inspection And Insurance Company

Company Overview

The Hartford Steam Boiler Inspection And Insurance Company, through its subsidiaries, provides equipment breakdown insurance, and other specialty insurance and reinsurance coverage to businesses, industries, and institutions worldwide. It offers specialty insurance, including equipment breakdown and computer systems insurance for agents, brokers, program administrators, and MGAs; and specialty reinsurance, such as equipment breakdown, homeowners equipment breakdown, farm owners equipment breakdown, cyber risk, data breach, identity recovery, computer systems, contractors errors and omissions, employment practices liability, and miscellaneous professional liability reinsurance for property ca...

One State Street

P.O. Box 5024

Hartford, CT 06102-5024

United States

Founded in 1866



Key Executives for The Hartford Steam Boiler Inspection And Insurance Company

Chief Operating Officer and Senior Vice President
Chairman of HSB Group Inc and Chief Executive officer of Munich Reinsurance America
Age: 55
Chief Information Officer and Senior Vice President
Compliance Officer
Chief Marketing Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

The Hartford Steam Boiler Inspection And Insurance Company Key Developments

Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Company Offers New Technology to Assess Risk from Electrical Blackouts

Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Company (HSB) introduced new technology and consulting services that help insurers and businesses predict the likelihood, severity, and financial exposure of U.S. electrical blackouts, which cause more than $100 billion in economic damages each year. The Blackout Risk Model is offered through a consulting service provided by Verisk Climate and HSB. The technology can be used to assess the risk of electrical blackouts from hurricanes, winter storms, severe thunderstorms, peak power demands, human error, and other factors. The technology incorporates data and analysis from HSB and Atmospheric and Environmental Research including a database of possible weather conditions, satellite analysis of trees near distribution lines, proprietary knowledge of the electrical grid infrastructure, and detailed economic data. The Blackout Risk Model will help insurers, businesses, and government emergency planners identify high-risk areas so they can better manage their risk and plan for a more effective response when power is disrupted by natural or man-made events. The new modeling tool, which combines the technologies built independently over the past decade by HSB and AER, enables businesses to assess how electrical blackout risk varies by geographic region or grid area, the number of people and businesses likely to be without power in a particular blackout, and how long the outage might last for specific groups of customers.

Atmospheric And Environmental Research, Inc. and The Hartford Steam Boiler Inspection And Insurance Company to Develop Tech Tool to Forecast Blackouts

Atmospheric and Environmental Research (AER) and The Hartford Steam Boiler Inspection and Insurance Company (HSB) announced a strategic alliance that will provide a technology and services solution to comprehensively understand and assess blackout risk in the United States. The technology will be used by insurers and reinsurers, commercial and industrial firms, and other businesses. HSB and AER are commercializing the blackout risk data and technologies that firms built, calibrated and applied within businesses over the past decade. Joint teams will now make it possible for stakeholders to plan for widespread blackouts caused by a broad range of perils to help clients minimize and manage the impact across all lines of business.

Similar Private Companies By Industry

Company Name Region
Scioto Insurance Company United States
Keycorp Insurance Agency USA Inc. United States
Radian Guaranty Inc. United States
ARX Holding Corp. United States
Unisun Insurance Company United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact The Hartford Steam Boiler Inspection And Insurance Company, please visit www.hsb.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.