State insurance regulators may develop a new rating agency that would offer all of the ratings currently offered by the three major existing rating agencies.
“It is being researched now. We have barely started down the road,” said Roger Sevigny, New Hampshire insurance commissioner and president-elect of the National Association of Insurance Commissioners, Kansas City, Mo.
Before the new project could even be initiated, questions that need to be answered include “'can we do it?' and 'would the SEC be likely to bless off on it?'” he noted.
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