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I Have An Idea Where This Is Going

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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]


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