Hartford, Lincoln National First Two to Tap TARP for Life.

    Due to its failing Life Insurance operations, as previously posted here, Hartford Financial Services Group just became the first of the 6 Life Insurance Companies that eagerly sought and received approval for Federal Taxpayer Bailout Money, to receive TARP injections.  Andrew Frye, "Hartford to Accept as Much as $3.4 Billion From TARP (Update 5)" (Bloomberg.com, Friday, June 12, 2009).

    And Lincoln National just became the second of the 6 Life Insurance Companies to receive TARP botoxins.  See Cyrus Sanati, "Lincoln National to Take Bailout Money and Issue Stock" p. B2, col. 1 (New York Times Nat'l ed., "Business Day" Section, Tuesday, June 16, 2009).

    Time will tell what cover TARP will provide for The Hartford and the Lincoln National Life Insurance operations, and what effect The Hartford and the Lincoln National Life Insurance operations will have on TARP.

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Comments

[David Hendrick]

Dennis - this is very informative - thank you!