Insurance Rating Companies: Hearing Before the Subcommittee on Commerce, Consumer Protection, and Competitiveness of the Committee on Energy and Commerce, House of Representatives, One Hundred Second Congress, Second Session, January 29, 1992, Volume 4 |
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Common terms and phrases
A.M. Best Company ability to meet alphabetical rating annual assessment asset/liability BBBq Best's rating capital Cardiss Collins claims paying claims-paying ability ratings COLLINS company's consumers CPA rating Duff & Phelps economic evaluation factors financial information financial performance financial ratios financial security financial statements financial strength ratings GAAP Insurance Company BB insurance industry Insurance Rating Services Insurer Solvency Review investment junk bond liabilities life/health insurers liquidity MAYEWSKI meet policyholder obligations MEIGS Moody's Moody's Investors Service MURRAY NAIC Number Percent operating leverage opinion OXLEY Poor's January 29 portfolio preferred stock property/casualty insurers qualified solvency ratings rated insurers raters rating categories rating committee rating companies rating process rating system ratios real estate regulators reinsurance reports risk Roy Taub S&P's insurer ratings S&P's rating scenario testing Standard & Poor's statutory financial Testimony of Roy underwriting conditions vulnerable Weiss
Popular passages
Page 147 - Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over any great length of time.
Page 1 - HOUSE OF REPRESENTATIVES, COMMITTEE ON ENERGY AND COMMERCE, SUBCOMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND COMPETITIVENESS, Washington, DC. The subcommittee met, pursuant to notice, at 10 am, in room 2322, Rayburn House Office Building, Hon.
Page 146 - Interest payments are protected by a large or by an exceptionally stable margin and principal is secure. While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues.
Page 146 - Baa are considered as medium grade obligations, ie, they are neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable...
Page 1 - Rayburn House Office Building, Hon. Cardiss Collins (chairwoman) presiding. Mrs. COLLINS. Good morning. This hearing of the Subcommittee on Commerce, Consumer Protection, and Competitiveness will come to order.
Page 79 - I respectfully request that this letter be made part of the official record of the hearings on HR 6245.
Page 146 - Insurance companies rated Aa offer excellent financial security. Together with the Aaa group, they constitute what are generally known as high-grade companies. They are rated lower than Aaa companies because long-term risks appear somewhat larger. A — Insurance companies rated A offer good financial security.
Page 49 - ... claims-paying ability ratings, and follows procedures consistent with debt rating definitions and practices. Claims-paying ability ratings are divided into two broad classifications. Rating categories from 'AAA' to 'BBB' are classified as "Secure" claims-paying ability ratings and are used to indicate insurers whose financial capacity to meet policyholder obligations is viewed on balance as sound. Among factors considered in placing insurers within the spectrum of "Secure" rating categories,...
Page 24 - B- (Good) rated insurers generally have demonstrated a good ability to meet their policyholder and other contractual obligations. C+ (Fairly Good) Assigned to those companies which in our opinion have achieved...
Page 92 - Thank you for coming. [Whereupon, at 11 am, the hearing was adjourned.] [The following material was received for the record:] CONSUMER PRODUCT SAFETY COMMISSION, February 23, 1993.