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Insurance Firms to Receive Billions in Taxpayer Aid

HeadlineMay 15, 2009

The Treasury Department has confirmed six major insurance companies are poised to receive billions of dollars in new taxpayer aid. The Treasury has given preliminary approval for granting assistance to Hartford Financial Services Group, Prudential Financial, Lincoln National, Allstate, Ameriprise and Principal Financial Group. Hartford says it could receive up to $3.4 billion.

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