Wednesday, February 11, 2009

 

Life Insurance Stocks Fall on Rating Woes

U.S. life insurer shares fell sharply on Tuesday as investment losses triggered rating agency concerns.

Late Monday, Fitch downgraded the insurer financial strength rating for Hartford Financial Services Group Inc's primary life insurance subsidiary, citing the company's "exposure to the currently volatile credit and investment market conditions."

Life Insurance Stocks Fall on Rating Woes
Source: Yahoo! Finance

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