SAN ANTONIO, TEXAS–A short-term solution for assessing the risk and financial strength of insurers' hybrid securities investments has been adopted by the nation's insurance regulators.
The National Association of Insurance Commissioners' action came even as the organization's Hybrid Risk-based Capital working group adopted a work plan for a more comprehensive long-term plan for rating hybrids.
Adoption of the short-term solution came by unanimous vote here at the Kansas City, Mo.-based NAIC's winter meeting here.
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