Personal Injury Law

Insurers Move to Drop Capital Reserves

By Edward Bills

The insurance industry is asking government regulators to lower the amount of money life insurance companies must hold in reserve to cover policyholders. The American Council of Life Insurers, an industry group, says that such concessions are necessary to support the financial outlook of the industry during the current economic crisis. However, current and former state insurance regulators say that the resulting drop in consumer protection would not be well received by legislators or the public.

Full post as published by Bodily Injury Blog on January 21, 2009 (boomark / email).