Standard & Poor's has revised its outlook on the property-casualty operations of Hartford Financial Services Group Inc. to stable from negative.
The agency said the move came as a result of the decreasing likelihood that current regulatory investigations as a whole could materially affect Hartford property-casualty's reputation and competitive advantage.
Hartford is one of the carriers mentioned in civil suits bought by private parties and the New York Attorney general last year that alleged they were part of brokerage bid-rigging schemes that saw insurers making contingency fee payments to get business.
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