The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
MONTPELIER, Vt. -- The Department of Financial Regulation says the Hartford Financial Services Group Inc. has agreed to pay more than $81,000 in restitution to Vermont customers whose auto insurance claims were improperly evaluated.
The department said Tuesday that it had determined that the company had inaccurately calculated the value of total vehicles losses for 77 claims between January 2009 and September 2011.
The Hartford Financial Services Group has agreed to institute new policies and procedures and mandatory training for all employees who handle such Vermont claims.
The department plans to do a follow-up exam in about a year.