"Hartford Financial to slash 500 jobs" by Bloomberg News | November 5, 2008
NEW YORK - Hartford Financial Services Group Inc. will cut 500 jobs, or almost 2 percent of the staff, after posting a $2.63 billion third-quarter loss. The Hartford joins insurers including XL Capital Ltd. and Zurich Financial Services AG in cutting staff. Zurich Financial, Switzerland's biggest insurer, eliminated 400 US jobs in April as prices for commercial insurance fell, and XL said in July that it would take a charge of as much as $60 million for slicing and outsourcing jobs. --more--"
It pains me to come here everyday and see how this nation and its citizens are being ripped off.
