SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported) - November 29, 1999

                                 HSB Group, Inc.
             (Exact name of registrant as specified in its charter)

      Connecticut                      001-13135           06-1475343
   (State or other                     (Commission         (IRS Employer
  jurisdiction of incorporation)       File Number)        Identification
                                                             No.)

    One State Street, Hartford, Connecticut                06102-5024
   (Address of principal executive offices)                (Zip Code)

       Registrant's telephone number, including area code - (860-722-1866)








Item 5.  Other Events

On November 29, 1999,  HSB Group,  Inc. (the  "Company")  issued a press release
reporting  its  declaration  of a  dividend  of 44 cents per  share,  payable on
January 27, 2000. Included herewith as Exhibit 99 is the Company's press release
related to this  announcement  and such  information is  incorporated  herein by
reference.

Item 7.  Exhibits.

99. Press release dated November 29, 1999.







Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                                                  HSB Group, Inc.


Dated:  November 30, 1999                     /s/ R. Kevin Price
                                                  R. Kevin Price
                                                  Senior Vice President
                                                  and Corporate Secretary