hartford financial

MetLife Sells Bank Unit to Avoid New Fed Regulations

In order to avoid new federal rules and heightened scrutiny from regulators, MetLife has decided to sell its banking unit. That's a smart move for the nation's largest life insurer, and keeps it on a level playing field with its competitors.

Allstate passes up bailout funds

Six months ago, big insurance companies' refrain when it came to receiving capital injections from the Treasury's Troubled Asset Relief Program...