JORDEN BURT ALERT: SIGTARP Does Not Spell Relief May 27, 2009
Last week, the Treasury Department granted preliminarily approval to certain life insurance companies to receive billions in funds under the Troubled Asset Relief Program , or TARP. While two well-known life insurers are expected to accept the money, several others have indicated that they are not interested. Rejection of TARP funds may be an indication of an insurer's confidence in its financial strength, however, even insurers that presently find themselves in a weakened financial state may be inclined to resist TARP funds because of the onerous terms and government monitoring associated with it.
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SIGTARP Does not Spell Relief
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