Industry execs seek higher yields amid bleak economy

A major survey of insurance industry CIOs and CFOs revealed they expect a deterioration of credit quality and a recession this year but, for the first time, ranked increasing yield opportunities in the current environment.

The 12th annual global insurance industry investment survey by Goldman Sachs Asset Management found insurers are leaning heavily into fixed income and seeking to increase duration and credit risk.

More than half of global insurers surveyed plan to increase their allocation to private assets over the next 12 months, the insurance industry survey found. Across all asset classes, private corporate debt is the top asset class that insurers plan to allocate more to over the next year.

Twenty-nine percent of respondents plan to allocate more to private equity, and 28% plan to increase their allocation to infrastructure equity and infrastructure debt.

Full payouts spike for workers in this age group at just about every tenure level until you get to 15+ years. This suggests that life events may be playing a role in cash out behavior. These groups may be juggling multiple financial goals, such as saving to buy a house, saving for retirement or for college, but they are also carrying unprecedented levels of debt.

Aca Ruling Hits Preventive Care

A U.S. District Court judge’s ruling that strikes down free HIV drugs and some cancer screenings under the Affordable Care Act isn’t a fatal blow to the ACA, although it does have implications. That was the word from a panel of KFF analysts.

U.S. District Court Judge Reed O’Connor, Northern District of Texas, issued a final judgement in a court case challenging the provision of the ACA requiring most private health plans to cover many preventive services without any cost-sharing for their enrollees. Having concluded in September that aspects of the requirement were unconstitutional and violated religious rights, the judge’s remedy in the Braidwood Management v. Becerra imposes new limits on the government’s ability to en force those requirements nationwide. The plaintiffs in the case Braidwood Management v. Becerra argue that the

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