A.M. Best Places Ratings of The Hartford Financial Services Group, Inc. and Subsidiaries Under Review With Negative Implications.OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength ratings (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A+ (Superior) and issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "aa-" of the key life/health and property/casualty insurance subsidiaries of The Hartford Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group, Inc. (The Hartford) (Hartford, CT) [NYSE NYSE See: New York Stock Exchange : HIG HIG Human immunoglobulin, see there ] under review with negative implications. Concurrently, A.M. Best has placed the ICR of "a" and all debt ratings of The Hartford under review with negative implications. (See link below for a detailed listing of the companies and ratings.) These rating actions reflect The Hartford's announcement earlier today that it has entered into a binding agreement with Allianz Societes Europaea (Germany) to provide a $2.5 billion capital investment, following significant realized and unrealized investment losses and other charges incurred through third quarter 2008, which are heavily weighted to the life/health operations. A.M. Best is evaluating the ultimate impact of these events, as well as the risks associated with continued market dislocation dislocation, displacement of a body part, usually a bone. When a bone is dislocated, the ends of opposing bones are usually forced out of connection with one another. In the process, bruising of tissues and tearing of ligaments may occur. and increased financial leverage, on the ratings of The Hartford and its insurance subsidiaries. For a complete listing of The Hartford Financial Services Group, Inc.'s FSRs, ICRs and debt ratings, please visit www.ambest.com/press/100604hartford.pdf. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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