With the government already getting into every other industry–from insurance (AIG), to banking (Citigroup), to auto manufacturing–why shouldn't the National Association of Insurance Commissioners get into the rating agency business?
"It is being researched now. We have barely started down the road," NAIC President Roger Sevigny noted this fall.
However, those fearful of having the NAIC delving deeper into their balance sheets and cross-examining them about corporate strategies before issuing potentially devastating ratings should take heart, because nothing happens quickly at this snail-like organization.
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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
