Update on Hartford’s Initiative: Some of Our Suspicions Have Been Confirmed

In our last few commentaries we’ve shared our suspicion that, based on language in some recent SEC filings, four state insurance departments might not allow some or all of Hartford’s planned sub-account restrictions on certain variable annuity guaranteed living benefits, scheduled for this October. Last week we got confirmation that for one of the states in question, some of the insurer’s planned changes will not be implemented...