SAN ANTONIO, TEXAS–A short-term solution for assessing the risk and financial strength of insurers' hybrid securities investments has been adopted by the nation's insurance regulators.
The National Association of Insurance Commissioners' action came even as the organization's Hybrid Risk-based Capital working group adopted a work plan for a more comprehensive long-term plan for rating hybrids.
Adoption of the short-term solution came by unanimous vote here at the Kansas City, Mo.-based NAIC's winter meeting here.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
