Hartford, Conn. — Reports surfaced that The Hartford's stock crumbled Thursday, fueling speculation that the insurer might have to start selling businesses to raise money, or even give up its independence, according to The Hartford Courant.
According to the news outlet, the stock price nose-dived $10.24, or a historic 52%, closing at $9.62 a share, the day after The Hartford Financial Services Group confirmed a $2.6 billion net loss for the third quarter, driven by investment troubles.
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