NU Online News Service, April 6, 12:18 p.m. EDT
Property and casualty insurers could see a drop in the value in their fixed-income-securities investments if interest rates climb as expected, says Moody's Investors Service.
In a report released this week, the ratings agency says about two-thirds of the industry's $1.3 trillion in invested assets is in fixed-income securities. Most of these are “conservatively positioned” in U.S. government and agency securities, high-quality municipal bonds, and investment-grade corporations.
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