Proposal Could Make Life Insurers Bigger Real Estate Owners
April 12, 2021 by Allison Bell
State insurance regulators are working on a change in the rules for counting life insurers’ assets.
In theory, the change could lead life insurers to spend billions of dollars more on buying office buildings, apartment complexes, industrial properties and other types of commercial real estate.
The American Council of Life Insurers wants the National Association of Insurance Commissioners to cut the charge life insurers now must apply to the value of the real estate they own to 11%, from 15%.