Interest rate hikes to tame inflation must be 'measured,' Chattanooga-based Unum official says
While higher interest rates are a plus for financial companies such as Unum as government regulators try to stem inflation, the increases need to be measured, a top official for the insurer said Friday.
Also, wage inflation could bring higher insurance premiums for customers of Chattanooga-based Unum, said Martha Leiper, the company's executive vice president and chief investment officer.
Because of what Leiper termed "a perfect storm" that included loose monetary policy and supply chain disruptions, the nation's Federal Reserve Board has indicated higher interest rates are coming to stop inflation. Higher rates tend to help Unum because of its massive investment portfolio.