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NAIC to Produce New Rating Model for Mortgage-Backed Securities: Regulators to Hire Independent Third Party Partner, Reduce Reliance on Traditional Credit Rating Agencies |
Members of the
NAIC approved a
proposal this week to develop a new model for determining the
regulatory treatment of residential mortgage-backed securities
(RMBS). The new model will produce ratings designations for
approximately 18,000 RMBS owned by U.S. insurers at the end of 2009.
Full
Story...
View the Proposal
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 Roger Sevigny
NAIC President and New Hampshire Insurance Commissioner |
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Rising Costs a Barrier to Health Coverage for Small Business
NAIC Supports Adoption of Federal Legislation That Will Make Small Employer Coverage More Stable |
Lower profit
margins, the downturn in the economy and significant premium
increases are among the reasons why small business employers have
more difficulty than larger competitors affording insurance coverage
for their workforce, according to the NAIC.
Full
Story...
Read
Commissioner Praeger's Testimony
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 Sandy Praeger
Kansas Insurance Commissioner |
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State
Regulatory Role Key to Solvent Insurance Industry
Rigorous State Oversight Protected Insurers During
Financial Crisis |
Federal oversight
of financial markets must complement, not displace the coordinated,
national system of state-based insurance supervision, the NAIC
told Congress today.
Full
Story...
Read
Commissioner Sullivan's Testimony
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 Thomas R. Sullivan
Connecticut
Insurance Commissioner |
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