NU Online News Service
WASHINGTON --The Treasury Department told insurers last night that they have been ruled eligible for assistance under the Troubled Asset Relief Program if they have a federal regulatory link, such as a thrift charter or a bank holding company charter.
Life insurers who are members of the American Council of Life Insurers had petitioned the agency to participate in the program in late October, but property-casualty insurers who are members of the American Insurance Association issued a statement saying they did not need to participate.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.