Arts, Culture & Humanities

Monday, November 19, 2018
Insurers Unite to Help 'Seed' Hartford's Financial Reboot

HARTFORD, CT -- The Hartford Business Journal's Partnership Award Winners are The Hartford, Aetna Inc., Travelers Cos., City of Hartford, and the Hartford Public Library. When insurers Aetna, The Hartford, and Travelers Cos. paid a combined $10 million to the city of Hartford this summer, they were making good on a March 2017 pledge to help the city regain its financial footing by providing a $50 million boost — assuming the city forged a comprehensive and sustainable solution to address its fiscal problems. The insurers saw progress in the last year and paid the first installment of what they and the city hope will be four more annual payments of $10 million. Of that first amount, $8.1 million is covering operating expenses of the Hartford Public Library this fiscal year, with the balance going to law enforcement and recreation.