N.J. regulators conducting comprehensive exam of Prudential Financial

From: Reuters

By Suzanne Barlyn

New Jersey insurance regulators are conducting a comprehensive exam of Prudential Financial Inc (PRU.N) as part of a new type of state supervisory role over the company, a Prudential executive said in a presentation to investors on Tuesday.

The state is in the midst of the regulatory exam, launched as part of New Jersey’s role as the company’s “group supervisor,” a new type of authority for the state, which in recent years has been working in tandem with U.S. federal regulators who oversee a handful of large insurance companies, including Prudential.

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