Prudential Financial has $8.5 Billion Subprime Exposure

Prudential Financial (PRU), the insurance giant saw its share price fall fractionally on August 6 after it announced it had $8.5 billion of subprime exposure. As well as these insurers are doing in Lousianna, Mississippi, Alabama and Florida we hope we can trust them. My latest edition of AARP Magazine said one of the giant insurers was raising rate on Long Island in case the island is hit by a hurricane. But for now we must assume that Prudential has $8.5 billion of subprime exposure, if you knwo what I mean.