Insurers May Tap Treasury For Remaining $90B

U.S. insurers are reportedly in talks to tap the remaining $90 billion of the U.S. Treasury’s $250 billion bank recapitalization program. The American Council of Life Insurers confirmed that officials are exploring how to fit some insurers into the program without stigmatizing them. (Bloomberg, WSJ)

Meanwhile, analysts speculate one potential goal of an expanded Treasury program would be to boost the insurance industry’s role as a lender.  Federal assistance could also spur industry consolidation.

Sources: (Bloomberg, WSJ)