OTHER NEWS - Aug. 22, 1991

Aetna’s Problem Loans to Increase: Aetna Life & Casualty Co. said its level of problem loans in real estate is probably going to rise and result in further provisions for loan losses. “Management believes that there likely will be further increases in problem loans, restructured loans and foreclosures,” the large insurance firm stated in a filing with the Securities and Exchange Commission. Aetna had already absorbed $78 million in writedowns and reserves against problem real estate in the second quarter. Aetna said problem mortgage loans totaled $1.5 billion on June 30--more than triple the level of a year ago.