The NAIC's Securities Valuation Office, in New York, which rates securities, has classified some hybrid securities issues as equity, drawing a variety of objections from insurers and securities issuer
Insurers are continuing to press for different treatment of hybrid securities by the National Association of Insurance Commissioners, claiming that failure to do so could be costly to companies and un
The call to create a stronger U.S. presence was expressed by both property-casualty and life companies during the summer meeting here this week of the Kansas City, Mo.-based National Association of In
Washington, D.C.--Despite efforts to streamline the market conduct exam process, the number of examinations has not changed much, according to the results of a survey conducted by property-casualty and
Washington, D.C.--By a 9 to 5 vote, the Valuation of Securities "E" Task Force (VOS) of the National Association of Insurance Commissioners decided to defer a decision on the treatment of hybrid securi
In reaction they plan to voice their concerns at the summer meeting of the National Association of Insurance Commissioners next week in hopes the NAIC will slow the activity by their colleagues at the
The issue discussed at an April 19 conference call by insurers and regulators involved hybrid securities in carriers' portfolios that have been classified as common stock by the Securities Valuation o
The issue discussed at an April 19 conference call by insurers and regulators involved hybrid securities in carriers' portfolios that have been classified as common stock by the Securities Valuation o
Reacting to yesterday's introduction of a Senate bill to establish federal licensing of insurers and producers, state regulators and legislators questioned how such a measure will help consumers and i
A little over six months after Hurricane Katrina made its mark as one of the worst natural disasters to hit the United States, state insurance regulators say things are returning to normal, although