Business: Insurance Assembled

Last week U. S. Insurance was assembled in Manhattan. The Association of Life Insurance Presidents, representing 55,000,000 policyholders, $18,000,000.000 of assets and 87% of all insurance in force, was holding its annual convention. The presidents learned that the total of U. S. insurance in force had dropped 5% below the $100,000,000,000 mark which it set three years ago but that total distributions (exclusive of policy loans) would set a record in 1933—$3,100,000,000. New business was increasing, the demand for policy loans was subsiding, restrictions imposed after the March banking moratorium had been lifted...