Insurers Win As Fed Hikes Interest Rates Again

June 13, 2018 by John Hilton

News Item: 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.

Click HERE to read the full story via INN; subscription required.

Originally Posted at InsuranceNewsNet on June 13, 2018 by John Hilton.