Six insurers given preliminary approval to access Tarp funds

News

p9-geithner-jpg

Six life insurers have been given preliminary approval to receive funds under the Troubled Asset Relief Program (Tarp) that US Congress is using to revive the country's ailing financial system.

In total, six companies - Allstate Corp; Ameriprise Financial; The Hartford; Lincoln Financial; Principal Financial; and Prudential Financial - have been accepted into the Capital Purchase Program (CPP), part of the Tarp scheme.

So far, The Hartford, Lincoln Financial and Principal Financial have said the