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A bond portfolio that's heavily weighted with long and short maturities but few intermediate maturities are included. Depending on whether the investor thinks interest rates are increasing or decreasing, the portfolio can be adjusted to stress short- or long-term bonds.
Insurance Industry News from ProgramBusiness.comSpitzer's Latest Target
Fresh off his takedown last month of commercial-insurance broker Marsh & McLennan, Spitzer now has a new set of underwriters in his sights: employee-benefits insurers. An official in the New York Attorney General's office indicates that charges could land in a courthouse in the near future against Prudential, MetLife, and UnumProvident.
The fallout: Analysts expect those charges to unleash a slew of class actions and, potentially, to wipe out the cozy special commissions paid by big benefits insurers to their preferred agents. It's the latest salvo in Spitzer's assault on an insurance industry he sees as rife with conflicts of interest.
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