Insurance industry troubles put pension, annuity plans at risk; experts urge checkup.
Because of recent troubles in the insurance industry, most notably the state seizure of Newark, N.J.-based Mutual Benefit Life Insurance Co., it's a good time for hospitals and associations that sponsor pension and annuity plans to check up on the financial health of their investments, experts say. The rapid rise in "non-performing" mortgages held by insurance companies is among the maladies putting plans at risk.
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D007343:Insurance Carriers / Q000191:economics*; D007449:Investments / Q000191:economics*; D010415:Pensions; D010557:Personnel Administration, Hospital; D012954:Societies, Hospital; D014481:United States