Banks that sell annuities and other other insurance products are worrying about ripple effects from a spate of bad news about insurers.

In recent days the Securities and Exchange Commission said it was scrutinizing 14 insurers suspected of churning variable annuity accounts. The news came on top of other problems insurers have faced recently, from difficulties paying claims to disaster victims to fights over approving life insurance policies for AIDS sufferers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.