Decline in Property Values of Hartford's Major Insurance Corporations

Hartford, historically a significant corporate hub, has experienced a notable decline in the assessed value of real estate and personal property owned by major insurance companies over the past three decades. For instance, Aetna Life Insurance's property value dropped from $320.5 million in 1994 to $97.8 million last year, adjusted values considered. Similarly, The Travelers Cos. and The Hartford reported substantial decreases in their property valuations during this period. This trend highlights shifting dynamics in Hartford's corporate real estate landscape, potentially influencing local economic and insurance market conditions.