Hartford Insurance Group: The Hartford, Conn.-based international...

Hartford Insurance Group: The Hartford, Conn.-based international insurance and financial services operation, a unit of ITT Corp., reported a profit of $47 million, down 53% from a year earlier. The results reflected higher-than-expected catastrophe losses, heightened price competition in the North American property-casualty marketplace and a $27.5-million charge from the writedown of its 23% share of Thomson McKinnon Inc., a New York-based brokerage.