N.Y. proposes reinsurance collateral rule change

by Roberto Ceniceros (mailto:rceniceros@BusinessInsurance.com) at Business Insurance: Breaking News

NEW YORK?Highly rated reinsurers would no longer post collateral when conducting business in New York, regardless of where they are domiciled, according to a regulation proposed Thursday by the New York Insurance Department. The proposal, which faces few hurdles, would eliminate an existing...

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