Litigation

Which Side of "Most Of" Do Hartford Structured Settlements Fall?

By John Darer

Various news reports citing anonymous sources on Friday said that Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial Inc.of Canada, a fine company north of the border that has good brand awareness in the United States advanced life insurance and estate planning market with Sun Life Assurance Company of Canada (and its New York subsidiary).

Splitting the Hartford, Conn.-based insurer in two and unloading most of the life division is among the options being discussed, although a deal isn't certain, according to a report on Bloomberg News.

Any discussion of Hartford Financial Services Group Inc. will be of concern to those that have their funds in Hartford Life annuities , including structured settlements and structured attorney fees with Hartford Life Insurance Company.

The words "most of" in the report of particular interest to this author and looks for a communication from The Hartford to explain what is going on.

Full post as published by Structured Settlements 4Real on March 09, 2009 (boomark / email).