NU Online News Service, April 11, 2:47 p.m. EDT
U.S. regulators are busy laying the foundation for modernizing solvency standards aimed at better understanding a carrier's ability to withstand the stress of insured losses and making that reporting globally acceptable, experts say.
During a webinar sponsored by the consulting firm PricewaterhouseCoopers, Christina Urias, director of the Arizona Dept. of Insurance and chairwoman of the National Association of Insurance Commissioners solvency implementation task force, discussed where the task force's work stands after the association's recent meeting in Austin, Texas.
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