Political Quotes

Richard Shelby: “Many insurers, as you well know, hold assets to match long-term liabilities. They argue that measuring the day-to-day…”

On the recordApril 27, 2015
Many insurers, as you well know, hold assets to match long-term liabilities. They argue that measuring the day-to-day fluctuations in those assets through a capital regime would create harmful volatility and inaccurately measure solvency.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby discusses concerns about the impact of capital regimes on insurers' solvency measurements.

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