Nader Group Admits Error: The consumer group...
From Times Staff and Wire Reports
Nader Group Admits Error: The consumer group Public Citizen, which is affiliated with Ralph Nader, admitted it made a mistake in putting the ITT Hartford Insurance group on a list of five property and casualty insurance companies it said could fail in the event of a recession. ITT Hartford said it was Public Citizen, not the insurance company, that “flunked the test.” The consumer group issued a statement acknowledging the error but standing by its report’s “fundamental conclusion: property and casualty companies should improve their business practices to avoid solvency problems in the future.”
