CHARLOTTE, N.C. (AP) - The U.S. Treasury Department plans to
extend the Troubled Asset Relief Program to certain life insurers,
according to a report by the Wall Street Journal.
The announcement is expected within the next several days, The
Wall Street Journal reported on Wednesday, citing people familiar
with the matter.
Earlier this year, bank regulators approved applications from
some insurers to become savings and loan holding companies, which
is needed to qualify for federal funds.
Several life insurers have applied for the TARP funds, including
Prudential Financial, Hartford Financial Services Group and Lincoln
National, the Journal reported.