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.
Q2 Global Commercial Insurance Rates Keep Dropping, Except for US Casualty 
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
As Parasite Spawned Chaos, Taylor Farms Slow-Walked Response 
Husband and Wife Insurance Brokers Sentenced for Fraud Scheme From This Issue
