News

WASHINGTON--Treasury Secretary Timothy Geithner is expected to announce that 12 insurance companies with life operations have been approved for government assistance under the Capital Purchase Program

In a conference call Friday, Hartford Chief Financial Officer Lizabeth H. Zlatkus said the company requested "AG39 relief from our year-end reserve calculation from the Connecticut Department of

Wildfires in Australia that have claimed 166 lives and could unofficially cost more than Australian $500 million (U.S. $340 million) in insured losses according to one report, but the nation's

"Increasing numbers of agents and brokers are leveraging real-time technology tools to handle policy rating and sales, manage customer inquiries, and deliver service," the group noted in an

A provision in New York Governor David Paterson's Deficit Reduction Plan to increase assessments by $180 million on all insurers, and additional amounts for health insurers, has drawn criticism from

In reaction, Moody's Investors Service affirmed CNA ratings, but revised its outlook for CNA Financial Corp.'s senior debt and insurance financial strength ratings to negative from stable due to