N.Y. acting insurance superintendent wants rating-agency alternatives

07/13/2009 | Bloomberg

Insurance regulators are relying too heavily on firms like Standard & Poor's and Moody's and need alternatives to the rating agencies, according to Kermitt Brooks, New York's acting insurance superintendent. "We've relied too much on rating agencies and in fact, in certain areas, we're relying exclusively on rating agencies," Brooks said.

View Full Article in:


Published in Brief: