Insurers get TARP, Homeowners Save for Blue Tarp

Posted by: June Cross

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June Cross

O. M. G.

from the Washington Post

DEVELOPING

The Treasury on Thursday granted preliminary approval for several of the nation's largest insurance companies to receive capital infusions under the government's Troubled Assets Relief Program, a Treasury spokesperson said. The recipients include Hartford, Prudential, Lincoln National, and Principal Financial Group, the official said.

Few of these involved in the Gulf - but this preps the way for reform on the insurance front which will probably be a boon to insurers and a shaft for homeowners.

 

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