That means, if you own the stock, it's time to cash out.
In general, traders and analysts agree that: 1) these insurers have very little short-term debt; 2) do not use much financial leverage; 3) they receive new dollars every day that need to be invested.
Turns out Wachovia's CEO was more hero than villian. It's just that Cramer didn't know until the Wells Fargo deal was announced.
Carmen and our team of experts answer your questions about bank failures, insurance and much more.
WaMu to JPMorgan. Now Wachovia to Citi? What all this bank-on-bank action means for your money, wherever it happens to be.
Carmen takes more questions after the show.
Carmen and our experts answer the questions you're probably wondering yourself about what to do to protect your money.
Former Allstate CEO Edward Liddy will be the new CEO of AIG, which was rescued by an $85 billion loan from the Fed, in exchange for an 79.9% stake in itself.
American International Group will avoid bankruptcy with the help of an $85 billion bridge loan from the federal government, in exchange for an 80 percent stake in itself, sources told CNBC.
Ask Cramer and he'll tell you that the regulators didn't regulate. And that's why we're in this mess.
If Washington doesn't want to see the Dow lose another 1,000 points, it better help this company.