Poorly Rated
“It was disappointing not to hear the rating agencies offer more reflection on their failures.”
—Illinois Insurance Commissioner Michael McRaith, addressing fellow state regulators during their annual September meeting. Commissioners and federal lawmakers say they want to rein in credit ratings agencies like Moody’s, which some blame in part for the country’s economic collapse. Among the proposals: a nonprofit credit rating agency, or another managed by the National Association of Insurance Commissioners.
Was this article valuable?
Here are more articles you may enjoy.
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Fire at Pennsylvania Hospital Forces Evacuation of Dozens of Patients From This Issue
