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Insurance stocks drop after Sen. Reid comment

                   
reuters.com
Oct 2, 2008
        
Story Timeline:  63 days

NEW YORK (Reuters) - Insurance stocks, led by Hartford Financial , fell on Thursday, a day after a top lawmaker raised the question of whether a well-known insurer could be in financial trouble. Wall Street is already worried insurers will be hurt by investment losses and exposure to recent corporate collapses, including American International Group Inc, Lehman Brothers Holdings Inc and Washington Mutual Inc as well as commercial and residential real estate debt. U.S. Senate Majority Leader Harry Reid, a Nevada Democrat, said it was imperative that the $700 billion financial bailout plan get legislative approval, adding that a well-known insurer's solvency could be threatened if financial markets remained volatile. Reid, speaking to reporters Wednesday, did not name the insurer. A spokesman said Thursday the comments were not... [read full story]                    

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Latest article on this story:

Sector Snap: Insurance sector rallies (AP)

 yahoo.com Oct 3, 2008
First article on this story:

Insurers fall on Sen. Reid's bankruptcy comments

 ibtimes.com Oct 2, 2008
Selected publications with coverage of this story:
freerepublic.com insurancejournal.com ibtimes.com theglobeandmail.com reuters.com businessinsurance.com marketwatch.com yahoo.com ft.com finanznachrichten.de wsj.com desmoinesregister.com
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Sector Snap: Insurance sector rallies (AP)

yahoo.com
Oct 3, 2008
        

Shares of insurers mostly rose Friday recovering some lost ground from the day before when the market questioned House passage of the economic bailout plan and comments by a Congressional leader raised concerns of an insurance...

                   

UPDATE 1-US life insurer stocks rebound; drop called overdone

finanznachrichten.de
Oct 3, 2008
        

NEW YORK, Oct 3 (Reuters) - Shares of U.S. life insurers stormed back on Friday as analysts lined up to call them oversold and worries eased that another would go the way of crippled peer American International Group. After a...

                   

Life insurer stocks rebound; drop called overdone

reuters.com
Oct 3, 2008
        

NEW YORK (Reuters) - Shares of U.S. life insurers stormed back on Friday as analysts lined up to call them oversold and worries eased that another would go the way of crippled peer American International Group .

                   

Insurers look to gain from U.S. selloff frenzy

theglobeandmail.com
Oct 3, 2008
        

ANDREW WILLIS AND TARA PERKINS From Friday's Globe and Mail U.S. Senator Harry Reid pulled the stock market's equivalent of screaming “fire” in a crowded theatre on Wednesday by warning that a major life insurer was on the...

                   

Pressure Dogs Insurers

wsj.com
Oct 3, 2008
        

Big Insurers Are Scrutinized by Investors Who Fear Exposure to Market's Turmoil Investors have painted their latest bull's-eye on the backs of insurers. Though some large insurers have been holding up better than some...

                   

[$$] Pressure Dogs Insurers (at The Wall Street Journal Online)

yahoo.com
Oct 3, 2008
        

Big Insurers Are Scrutinized by Investors Who Fear Exposure to Market's Turmoil Investors have painted their latest bull's-eye on the backs of insurers. Though some large insurers have been holding up better than some...

                   

Hartford shares tumble to 12-year low (AP)

yahoo.com
Oct 2, 2008
        

Shares of insurer Hartford Financial Services Group Inc. fell to their lowest point in more than 12 years Thursday. The stock plunged despite an analyst recommending investors buy shares based on current valuation, as most...

                   

Hartford shares tumble to 12-year low

ibtimes.com
Oct 2, 2008
        

Shares of insurer Hartford Financial Services Group Inc. fell to their lowest point in more than 12 years Thursday. The stock plunged despite an analyst recommending investors buy shares based on current valuation, as most...

                   

Insurers fall on Sen. Reid's bankruptcy comments

freerepublic.com
Oct 2, 2008
        

Shares of insurers fall as Sen. Reid says a major insurer is on the verge of bankruptcy NEW YORK (AP) -- Shares of insurers mostly fell Thursday amid overall market uneasiness about the economy and whether the financial bailout...

                   

Insurance stocks drop after Sen. Reid comment (Reuters)

yahoo.com
Oct 2, 2008
        

Reuters - Insurance stocks, led by Hartford Financial , Principal Financial and MetLife , fell on Thursday, a day after a top lawmaker raised the question of whether a well-known insurer could be in financial trouble.

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