More than 600 people attended the S&P conference held at the Grand Hyatt Hotel in New York. Standard & Poor's, a division of The McGraw-Hill Companies, is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research, and data.
Federal Regulation Charter Favored by Insurance Executives
At the Standard & Poor’s Rating Services’ 23rd annual insurance conference held June 5th, 77% of the insurance executives and principal market participants who attended favored an optional charter for insurance regulation. According to Grace Osborne, the leader of the S&P’s Insurance Practice, this finding was not surprising. “The insurance market is becoming increasingly global in scope, and the U.S. insurance industry does not have a single voice to advocate U.S. interests with the foreign regulators and various accounting regimes."
Published on June 8, 2007
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