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Article: Treasury Insurance Bailouts Could Signal Trouble for Policyholders, InsuranceBureau.com Reports.
- Article from:
- Business Wire
- Article date:
- December 8, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORTH HOLLYWOOD, Calif. -- Financial bailouts from the U.S. Treasury department have not just kept banks afloat but extended a lifeline to big name insurance companies such as Prudential, The Hartford and most notably AIG, says InsuranceBureau.com.
This is just another problem that consumers and insurance policyholders need to worry about. If a policyholder's insurance carrier is receiving bailout money because the insurance premiums they received were invested in risky vehicles in the stock market, then the likelihood that the carrier has the funds to pay a claim is greatly compromised.
InsuranceBureau.com can help consumers find ...