First Chicago, Hartford to Team on Coverage

First Chicago NBD Corp., the nation’s eighth-largest bank holding company, said it has joined forces with the Hartford Financial Services Group Inc. of Hartford, Conn., to provide personal auto and homeowners insurance coverage to retail banking and credit card customers. First Chicago customers will begin receiving mailings in September offering auto and homeowners coverage from Hartford. The Chicago-based company also plans to market products from Hartford and other providers through its Internet site, telephone banking center and in-branch kiosks. First Chicago shares fell 94 cents to close at $64; Hartford shares lost 31 cents to close at $86.13. Both trade on the New York Stock Exchange.