SEC eases capital raising process, post-Katrina
The Securities and Exchange Commission (SEC) has announced that it has eased some rules to help insurers and reinsurers raise money from capital markets more quickly and pay claims in the wake of Hurricanes Katrina and Rita.
The SEC said it was vital to eliminate delays in the capital-raising process because rating agencies are warning of possible downgrades on concern the storms may leave some insurers short of availableOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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