• 12 Aug 2009 at 3:22 PM

I Have An Idea Where This Is Going

By Bess Levin

And we wonder why insurance firms needed a bailout in the first place?

Hartford Financial Services Group Inc., the insurer that took a $3.4 billion U.S. bailout, was ordered by a Florida regulator to return $48.2 million to clients after profits on some policies exceeded state rules.
“Hartford must provide refunds or renewal credits within 60 days from the date of this order,” the Florida Office of Insurance Regulation, headed by Commissioner Kevin McCarty, said today in a statement. The ruling applies to workers’ compensation policies from 2004 to 2006.

Hartford Ordered to Refund $48 Million After Too Much Profit [Bloomberg]

Comments (19)

  1. 1
    Posted by guest | August 12, 2009 at 3:31 PM

    A squirrel shrugged

  2. 2
    Posted by guest | August 12, 2009 at 3:37 PM

    I think DB should make a call for some Op Ed stories…

  3. 3
    Posted by NakedShort | August 12, 2009 at 3:42 PM

    How does everyone feel about boxer briefs as a wardrobe “asset class”?

  4. 4
    Posted by guest | August 12, 2009 at 3:43 PM

    Thanks for this hard hitting story EP!
    I bet on the basis of today’s stock market progress you are getting ready to post your “Obama Portfolio” results for those of us who Wish to Know!

  5. 5
    Posted by guest | August 12, 2009 at 3:56 PM

    @3
    Boxers = you’re in high school and have no class
    Briefs = you’re 52 and your assets have no class.
    Boxer Briefs = you’re 52 and wish you were still in high school and your assets have no class.
    Commando = Asset Class

  6. 6
    Posted by guest | August 12, 2009 at 4:00 PM

    Aren’t boxer briefs a hybrid structure?

  7. 7
    Posted by guest | August 12, 2009 at 4:03 PM

    Personally I prefer thongs.
    - AT

  8. 8
    Posted by guest | August 12, 2009 at 4:06 PM

    I’m starting to feel like one of those pissed off people at a healthcare townhall meeting.

  9. 9
    Posted by Seaman Bodine II | August 12, 2009 at 4:07 PM

    The Jap’s bombed Pearl Harbor!!!

  10. 10
    Posted by guest | August 12, 2009 at 4:08 PM

    @4, Good God man, go away. Talk about beating a dead horse! So your savior took the chance to call a historically oversold market a bottom… Big deal. He was probably licking his lips for extra capital gains tax income.
    That said, as a general observation, are the editors of this site planning to remove the “Deal” from “Dealbreaker” any time soon? It is seriously misleading lately.

  11. 11
    Posted by guest | August 12, 2009 at 4:12 PM

    At least this was funny:
    http://www.theonion.com/content/node/28441

  12. 12
    Posted by guest | August 12, 2009 at 4:23 PM

    @11 – you’re right, that was funny. Thanks!

  13. 13
    Posted by guest | August 12, 2009 at 4:24 PM

    @10
    If the DJIA had continued to slide, however, we would still be having the Obama Portfolio results posted every day. Or do you think not?
    @11
    Every Barron’s reader should check out the Onion article,
    since every issue for years has started with Michael Santoli saying the blue line points this way and then Allen Abelson saying but the purple dotted line points that way. As they never reference each other, I can’t say whether there is evidence that they have ever actually met each other either.

  14. 14
    Posted by guest | August 12, 2009 at 4:25 PM

    I don’t wear no underwear ’cause I like the way Zubaz feel against my sausage and meatballs.
    -CG

  15. 15
    Posted by Investorcluzo | August 12, 2009 at 4:27 PM

    first (okay, second) break I get all day and I don’t see greg’s mom’s post. did I miss it? ms. michaels, where you at? do we need liz lemon…
    http://www.nbc.com/30_Rock/exclusives/dealbreaker/dealbreakers-for-men.shtml

  16. 16
    Posted by guest | August 12, 2009 at 4:29 PM

    @10
    sounds like you followed ep … Shorty!

  17. 17
    Posted by NakedShort | August 12, 2009 at 4:31 PM

    @4, @10
    I think its time to hug it out.
    The market is up nicely and the rest of world doesn’t think we are a racist opressive people anymore.
    Let’s just enjoy this moment, forget that in 5 to 10 years we are 17 different ways fucked from Sunday.

  18. 18
    Posted by trojan | August 12, 2009 at 4:49 PM

    @5
    how’s it hanging?

  19. 19
    Posted by guest | August 13, 2009 at 10:16 AM

    what is the logic of this story? an insurance firm’s profits exceeded state rules, therefore they need a bailout to save their business?
    what.the.fuck
    i hate you for ruining something that i enjoyed; something that got me through my workday

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