Connecticut Insurance Commissioner Thomas R. Sullivan issued a statement on October 9 stating that The Hartford Financial Services Group is solid and safe. Hartford Group announced Monday that Allianz was making a $2.5 billion investment in the firm to bolster its capital position. “Protecting consumers is the hallmark of state regulation, and I am committed to that task. As regulators, we monitor the financial strength of all insurance companies doing business in Connecticut,” said Sullivan. “As one of the largest and oldest Connecticut-domiciled insurance companies, The Hartford continues to perform with a well-established core business platform. The Hartford Group’s financial strength remains solid and will continue to meet policyholder obligations,” the commissioner added.

Insurer Remains Solid, Commissioner Says (Hartford CT Courant 10/10/08)

October 15, 2008