NAIC may up US capital rules

Jane Cline, president of the US regulators group the National Association of Insurance Commissioners (NAIC) may reverse its easing of capital requirement for insurers brought in during the financial crisis, Bloomberg reports.

Insurers got about $7bn of capital relief on investments in residential mortgage-backed securities. Regulators have now hired Blackrock to review more than 7,000 securities by year- end and help set new capital standard.