Insurers Win As Fed Hikes Interest Rates Again
Jun 15, 2018
The Federal Reserve hikes interest rates by a quarter-point and signals two additional hikes this year and three in 2019.
Winner: The insurance industry.
After many years of a near-zero Federal Funds Rate, the lid is off and insurers will see several benefits, said Frank O’Connor, vice president of research at the Insured Retirement Institute.