BlackRock To Judge Insurers' Commercial Mortgage Risk

Law360, New York (September 3, 2010, 12:55 PM EDT) -- The National Association of Insurance Commissioners has selected BlackRock Solutions to assess the losses insurance companies face from commercial mortgage-backed securities they hold in their portfolios.

BlackRock will evaluate more than 7,000 CMBS held by U.S.-based insurance companies at the end of 2010, the NAIC said in a statement Thursday. The assessment will help state regulators determine how much insurance regulators need to hold back in reserves.

BlackRock Solutions, a unit of the New York-based asset management firm BlackRock Inc., was chosen from among 16 firms...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.