NAMIC, NAIC laud U.S. policy statement issued with covered agreement

Two groups that were vocally opposed to the U.S.-EU covered agreement on insurance and reinsurance measures when the Obama administration submitted the deal to Congress in January are praising the policy statement the U.S. issued on Friday when it signed the deal. The National Association of Insurance Commissioners and the National Association of Mutual Insurance Companies welcomed the administration's policy statement because they said it clarified group supervision and capital adequacy requirements as well as other aspects of the deal...