AM Best & Company has downgraded the financial strength rating of Hartford Life Insurance Company to A (Excellent) from A+ (Superior). The change was effective February 27, 2009.
Attorneys settling their clients' cases with Hartford Fire are aware, often to their chagrin, that Hartford requires that any structured settlements from settlements involving Hartford insureds be placed with Hartford Life Insurance Company. It will be interesting to see what if anything changes in this regard as the result of the downgrade.
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