State insurance regulators may develop a new rating agency to gauge insurer financial strength that would offer all of the ratings currently provided by the four major rating firms already around.
“It is being researched now. We have barely started down the road,” said New Hampshire Insurance Commissioner Roger Sevigny, president-elect of the National Association of Insurance Commissioners.
Before the new project could even be initiated, questions that need to be answered, he noted, include: “Can we do it?” and “Would the SEC be likely to bless…it?”
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