insurers’ municipal bonds News

Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up. That’s because last year’s tax overhaul slashed corporate rates to 21 …

The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s victory in …