NU Online News Service, Nov. 22, 10:45 a.m. EST

Households are reducing their financial obligations, which meanone thing to the insurance industry: impeded growth.

Speaking at The Annual Executive Conferences in New York, StevenN. Weisbart, a senior vice president and chief economist for theInsurance Information Institute, said consumers' diminished buyingpower, especially for financial products, will continue to stand inthe way of growth for insurers.

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