Am I the only one who thinks it might actually be a good idea for state regulators to consider forming their own insurance company rating organization to compete with A.M. Best, Fitch, Moodys and Standard and Poors?
The idea raised by the National Association of Insurance Commissioners is in its embryonic stage, and its not at all clear it will ever get off the drawing board. The question for today, however, is whether this is a project worth pursuing, and if so, whether the NAIC could actually pull it off.
The NAIC says the idea was first floated before last months subprime mortgage tsunami swept through Wall Street, threatening to take down AIG and others with reckless purchases of collateralized debt obligations and unregulated trades involving credit default swaps.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
