NU Online News Service, Dec. 14, 3:21 p.m. EST
A change in statutory accounting rules by the National Association of Insurance Commissioners could help insurers' financial flexibility, but it will not impact their ratings, said an analyst with Moody's Investors Service.
The rating firm today released its Weekly Credit Outlook report, saying that last Monday's action by the NAIC to adopt changes to statutory accounting rules pertaining to income taxes for the fourth quarter of 2009 will allow U.S. insurers to book a higher amount of deferred tax assets (DTA) and boost their reported statutory surplus.
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