The Hartford is transferring homeowners business and two other lines of coverage in New Jersey to Proformance Insurance Company, but is keeping its commercial property-casualty book in the state.
Terms of the agreement were not released.
The transaction, The Hartford said, would have little impact on the state, because it is a small market representing between 8,500 and 9,000 homeowner policies, according to the two companies. The other two lines involve dwelling fire and personal excess liability policies.
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