Connecticut officials say the new owners of Countrywide Financial Corp. have agreed to pay the state $350,000 and reimburse customers who had to freeze their credit after a massive data breach.

Regulators on Thursday denied the life insurance industry's request to ease rules specifying how much cash they must set aside to absorb potential losses and pay claims.

The U.S. economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and businesses cut spending.

Neal Wolin, president and chief operating officer of The Hartford’s property and casualty operations, has accepted a position in the White House as deputy counsel to the President for economic policy and deputy assistant to the President.

The U.S. division of Sun Life Financial has released the latest edition of its Unretirement Index, which finds that 54 percent of American workers will delay their retirement by at least one year due to the current economic situation.