NU Online News Service, June 15, 11:03 a.m. EDT
MINNEAPOLIS–Insurance trade groups have told the nation's insurance regulators the work of financial rating firms is unsatisfactory, but it's not a job the regulators should attempt.
At the National Association of Insurance Commissioners Summer Meeting industry liaison session here, both regulators and industry representatives agreed there are concerns about how rating agencies have performed leading up to the financial crisis.
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