NU Online News Service, Nov. 18, 11:27 a.m.EST
The National Association of Insurance Commissioners announced ithas selected global investment management firm PIMCO to reassessinvestments that insurers complained were undervalued by majorrating firms.
PIMCO will serve as a third-party financial modeler so stateregulators can evaluate the residential mortgage-backed securities(RMBS) held by insurers to determine what the carriers' capitalreserves for those investments should be set at.
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