According to a WSJ report, the Treasury Dept. plans to extend TARP to certain eligible life insurers. Life insurers that are bank holding companies have been eligible for TARP for some time, but the Treasury had not yet given the green-light to approve their applications.
The Treasury is expected to announce within the next several days the inclusion of life insurers. The dollar amount that would be available to the insurers remains still unclear. [via WSJ]