MEDIA ADVISORY

MEDIA AVAILABILITY: INSURANCE REGULATORS DISCUSS CREDIT RATING SYSTEM

WASHINGTON, D.C. (Sept. 18, 2009) — The National Association of Insurance Commissioners’ (NAIC) Rating Agency Working Group will hold a public hearing on Thursday, September 24. Several U.S. insurance regulators will be available to the media for interviews during a break in the day-long hearing.

The Rating Agency Working Group’s main task is to determine what changes, if any, are warranted in how the NAIC uses Nationally Recognized Statistical Rating Organizations (NRSRO) ratings. Since April, the Working Group has been reviewing and analyzing information from the credit rating agencies as a means to better understand their processes.

The following companies/organizations are scheduled to participate in the hearing:

• Standard & Poors
• Fitch Ratings
• DBRS Limited
• Securities and Exchange Commission

Click HERE to access the full hearing agenda and list of participants.

About the NAIC

Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit www.naic.org.

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