MarketWatch reports that Moody’s has lowered its ratings for Hartford Financial. The annuity provider’s life insurance business was downgraded to A1. This means Hartford no longer is high-credit-quality. Future downgrades could be forthcoming, since Moody’s also has a negative outlook for Hartford. A Hartford representative …
Ieva M. Agustums from the Associated Press recently reported on the insurance industry’s hard year, exhibited by several important indices. The Dow Jones U.S. insurance index decreased 51% over 2008. Another index that includes 24 national insurance companies, the KBW Insurance Index, is down almost …
Greg Bordonaro recently mentioned in the Hartford Business Journal that the American Council of Life Insurers, a trade group for the life insurance industry, has asked the National Association of Insurance Commissioners to loosen several regulations in order to help the industry recover after suffering …
ING Group is reorganizing its American wealth management business, says Darla Mercado of InvestmentNews. The Dutch firm is dividing its U.S. unit into separate divisions for annuities, retirement services, investments, and insurance. ING’s largest businesses are its retirement and annuity units. Darla also reports that …
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