Wednesday, April 07, 2010
U.S. Insurer Relief Totals $7 Billion on Home-Loan Investments
U.S. insurers got about $7 billion of capital relief last year from regulators on investments in residential mortgage-backed securities, said Therese Vaughan, who heads the industry’s association of state watchdogs.
“The RMBS project made sense,” Vaughan, chief executive officer of the National Association of Insurance Commissioners, said yesterday in an interview in New York. The reduced capital requirements were partly the result of the NAIC’s new method of forecasting losses on the securities, Vaughan said...
Business Week: U.S. Insurer Relief Totals $7 Billion on Home-Loan Investments
“The RMBS project made sense,” Vaughan, chief executive officer of the National Association of Insurance Commissioners, said yesterday in an interview in New York. The reduced capital requirements were partly the result of the NAIC’s new method of forecasting losses on the securities, Vaughan said...
Business Week: U.S. Insurer Relief Totals $7 Billion on Home-Loan Investments
Permalink posted by markw @ 8:28 AM 
 |
 |  |
  |
