Wednesday, January 07, 2009

 

Life Insurance Shares Jump, Led By Prudential

Many life insurers sell products that are tied to the performance of the stock market, such as variable annuities. When equities plunged during the fourth quarter, investors began to worry that some life insurers may be forced to raise new capital or face potentially damaging downgrades from rating agencies.

Life Insurance Shares Jump, Led By Prudential
Source: MarketWatch

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