Filed Under:Health Insurance, Disability

StanCorp sees upward pressure on interest rates

Executives at a major player in the U.S. group disability insurance market said they see signs conditions are improving.

The executives, at StanCorp Financial Group Inc. (NYSE:SFG), talked about disability market conditions at a teleconference they held to discuss their second-quarter earnings.

Floyd Chadee, the StanCorp CFO, said the rates that apply to the company's new investments and the discount rates used to come up with reserves for new long-term disability (LTD) insurance claims were still falling in the second quarter.

The discount rate used fell to 3.75 percent during the quarter, from 4 percent from a year earlier, and that drop cost the company about $2 million, Chadee said.

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Nichole Morford

Nichole Morford
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