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The Hartford Financial Services Group, Inc. Message Board

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  • rensyr rensyr Mar 28, 2012 1:08 PM Flag

    HIG rumored to lose largest account

    I don't know. I just look at the stock price and volume

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    • I have no idea if WalMart is a customer or whether HIG lost it or not but even if so, it would largely be irrelevant. Companies of that size self-insure most of their risk through various vehicles and pay for other services, such as claim services. Since HIG sold their TPA, SRS to Sedgwick they couldn't have "lost" that aspect of the business.

      Given WalMart's size, they are able to negotiate very favorable terms, so even though the top line may look large, the margins are razor thin, if that and such a "loss" may be a blessing in disguise.

 
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45.20+0.38(+0.85%)May 27 4:02 PMEDT