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Hartford exec dismissed over loose lips concerning Herbalife

  • Former VP in the director and officers group at Hartford Financial (HIG -0.3%) William Kelly says the insurer let him go after he told a reporter Herbalife (HLF -3%) had approached Hartford about purchasing a so-called directors-and-officers insurance policy. This type of insurance covers legal costs when board members and senior execs get sued.
  • Kelly says Hartford ultimately decided not to provide Herbalife with the requested insurance.
  • Kelly's comments came on the sidelines of a presentation Bill Ackman was giving lambasting Herbalife.

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