Planning Phoenix’s Future

When James D. Wehr took over the top job at the Phoenix Cos. last month, he knew he was stepping into a difficult position.

The headlines haven’t been pretty lately for the Hartford-based life insurer. It posted aJames Wehr, CEO, Phoenix $726 million net loss in 2008, and has experienced several ratings downgrades, causing some of the company’s major distributors, including State Farms, to jump ship.

The company has seen its stock price dip below $1 in recent weeks, down from its 52-week high price of nearly $14...

Hartford Business: Planning Phoenix’s Future
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