More insurers under state "permitted practices" rules are requesting relief from requirements concerning their capital surplus.
Approximately 20 companies have applied to the Ohio insurance department for relief in response to bulletins issued on Feb. 3, according to Carly Glick, a department spokesperson. Letters will be sent to the companies next week in response to the requests, she added.
The requests follow a filing by Hartford Financial, Harford, Conn., to the Connecticut insurance department for relief amounting to $987 million. The relief was granted by Connecticut Insurance Commissioner Tom Sullivan.
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