TIME Magazine content is available exclusively for TIME subscribers.

Current subscribers for full access. Not a TIME subscriber? .

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...

Time.com on Digg

POWERED BY digg

For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.