Property and casualty industry officials gave unanimous support last week for the concept of the Federal Insurance Office, although they acknowledged the devil is in the details and said they remain comfortable with the current state-based regulatory system.
Property and casualty industry officials gave unanimous support last week for the concept of the Federal Insurance Office, although they acknowledged the devil is in the details and said they remain comfortable with the current state-based regulatory system.
Standard & Poors has upgraded American International Group P&C business financial strength rating one notch to A-plus and affirmed the A-plus rating on the its life business citing the successful restructuring of the company over the past two years.