Insurance industry representatives have expressed concern over a decision by the nation's regulators to maintain their Securities Valuation Office rating on securities not rated by other agencies.
At the summer meeting of the National Association of Insurance Commissioners earlier this week, a subgroup of the Valuation of Securities Task Force reported that there is really no alternative to SVO rating for those securities not rated by a National Recognized Statistical Rating Organization.
Such securities are for the most part private placements and play a greater role in the life industry than in property-casualty.
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
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
