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Article: Public Citizen admits error in insurer solvency report.
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- October 29, 1990
- Author:
CopyrightCOPYRIGHT 1990 The National Underwriter Company. 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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Public Citizen Admits Error In Insurer Solvency Report
WASHINGTON - Public Citizen has acknowledged that it erred in putting ITT Hartford on its list of major property and casualty insurers that could face possible financial trouble in the event of a severe economic downturn.
Public Citizen issued a retraction late Friday, Oct. 19, about five days after its initial report prompted strong protests from insurance industry representatives. (See NU, Oct. 22.)
Prior to Public Citizen's retraction, Hartford's chairman, president and chief executive officer, Donald R. Frahm, said in an interview with the National Underwriter that his company was ...