Insurer driving environmental stewardship effort by providing incentives to environmentally-conscious customers
HARTFORD, Conn.--(BUSINESS WIRE)-- According to a recent forecast, an estimated 100,000 electric vehicles are expected to be sold in 2012.1 To help fuel this growing industry, The Hartford is now offering drivers of electric vehicles a discount on their auto insurance policies, demonstrating the company's commitment to supporting a cleaner environment.
The 5 percent discount is now available to new policyholders with electric vehicles in Alabama, Arizona, California, Illinois, Kansas, Minnesota, Oklahoma, and Texas and will be available nationwide by the end of 2012. Current policyholders with electric vehicles will receive the 5 percent discount at renewal.
"The Hartford is committed to environmental protection and we are delighted to encourage others to engage in the effort," said
Andy Napoli, president of Consumer Markets at The Hartford. "This financial incentive is a small way we can thank our customers for helping to foster a greener environment. Together, our efforts will contribute to a more sustainable future."
In addition to the electric vehicle discount, The Hartford has offered owners of hybrid vehicles a 5 percent discount since 2009.
The Hartford's Green Efforts: A Look Back in Helping to Preserve the Future
- In 2007, The Hartford launched a comprehensive environmental stewardship effort by creating an environment committee and issuing a climate change statement. The company also began to report to the Carbon Disclosure Project.
- Three years later, The Hartford met its first greenhouse gas emissions reduction target of 15 percent. In 2011, the company issued a new greenhouse gas emissions target of an additional 20 percent reduction by 2017.
- Building on 20 years of insuring renewable energy risks, The Hartford launched a renewable energy insurance practice in 2010.
- In 2011, The Hartford began providing millions of Sierra Club and National Wildlife Federation members and supporters access to its auto and home insurance through a special program that offers discounted rates in most states. That same year, The Hartford installed electric vehicle charging stations at its Hartford and Windsor, Conn. campuses and began installation at its Simsbury location. The company also enhanced its homeowners insurance products with several new green features, including coverage for home-based electric vehicle charging stations.
For its environmental efforts, The Hartford was recognized in 2011 by Newsweek Magazine as the 12th greenest company in America, and the greenest financial services company.
More information on The Hartford's commitment to sustainability and environmental stewardship is available in the company's Statement on Climate Change and Sustainability Report, and its most recent annual response to the Carbon Disclosure Project, which has recognized The Hartford on its Carbon Disclosure Leadership Index for the last four years.
To learn more about The Hartford's electric vehicle discount, contact your local agent or visit www.thehartford.com.
About The Hartford
The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service, its sustainability efforts 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. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford.
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 2011 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.
1 As reported by Clean Fleet Report: http://www.cleanfleetreport.com/electric-car-forecast-us/
The Hartford Financial Services Group Inc.
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Source: The Hartford Financial Services Group Inc.
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