Standard & Poor's has revised its outlook on theproperty-casualty operations of Hartford Financial Services GroupInc. to stable from negative.

The agency said the move came as a result of the decreasinglikelihood that current regulatory investigations as a whole couldmaterially affect Hartford property-casualty's reputation andcompetitive advantage.

Hartford is one of the carriers mentioned in civil suits boughtby private parties and the New York Attorney general last year thatalleged they were part of brokerage bid-rigging schemes that sawinsurers making contingency fee payments to get business.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.