Major insurer fights label that critics equate with ‘too big to fail’

The Hill reports:

A major insurance company is battling a government-imposed title that Republicans contend would grace it with the “too big to fail” label. Prudential Financial announced earlier this week that it was appealing a decision from federal financial regulators to designate it as a “systemically important financial institution,” or SIFI.

The great moments of the "un-free market" in financial services.