Insurers Seek Relaxed Capital Rules That Hartford Won

Hartford Financial Services Group (HIG) became the first major life insurer to receive approval from its state regulator to make use of controversial statutory accounting practices that will boost its surplus capital by around $1 billion.

It won't be the last.

"Quite a few" life insurers have made similar requests to their state regulators, and decisions should start coming soon, said Commissioner Thomas E. Hampton of the D.C. Department of Insurance, Securities and Banking, in an interview with Dow Jones Newswires Thursday...

CNN: Insurers Seek Relaxed Capital Rules That Hartford Won