NAIC calls for Solvency II grace period

The National Association of Insurance Commissioners (NAIC) has
appealed for a grace period for US carriers to protect their
businesses in the event of Solvency II equivalency delays.
Speaking at a European Union and US public forum that followed
the conclusion of the NAIC autumn national meeting on 22 November,
CEO Ben Nelson warned that it still wasn't clear how the EU
would treat US firms that had not gained Solvency II equivalency
status.
Despite the Federal Insurance Office and...