1. AM Best Warns: Insurers' Annuity Portfolios Now Hold Riskier Debt Than Pre-2008 Crisis Levels
A stark warning from the credit rating agency AM Best signals a significant shift in the bedrock of the U.S. insurance industry. According to a new analysis, life insurers that sell annuities are now holding portfolios of corporate debt that are riskier than the holdings they maintained before the 2008 financial crisis...