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No Insurance Impact of U.S. Credit Downgrade, NAIC Says

"There is no impact on insurer investments in U.S. government and government-related securities from the actions recently taken by the rating agencies. Risk-based capital...
August 9, 2011

NAIC President and Iowa Insurance Commissioner Susan E. Voss issued the following statement in regard to the downgrade of the U.S. Credit Rating:

"There is no impact on insurer investments in U.S. government and government-related securities from the actions recently taken by the rating agencies. Risk-based capital and asset valuation reserves are unaffected. State insurance regulators and the NAIC will consider changes to our regulatory treatment if it becomes necessary in the future."

Read NAIC's statement on loss of U.S. AAA Credit: NAIC Response to U.S. Credit Downgrade (NAIC 8/7/11)