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S&P temporarily withdrew its proposal on
ACLI Senior Vice President,
“Individuals and families all across this country are seeking certainty. And we are in the business of providing certainty,” Gomez-Vock testified. She highlighted the certainty life insurers have provided through the pandemic.
“We were there when the worst came for too many. Benefits paid in 2020 were the highest in history. The industry paid over
At the same time, life insurers invest in the economy —
“A change by the world’s largest rating agency will have an impact. And these changes should be transparent and supported by data,” she testified.
ACLI’s oral testimony can be found here (https://www.acli.com/-/media/acli/public/files/pdfs-public-site/public-newsroom/051122_mgvoraltestimony.pdf).
ACLI’s submitted testimony can be found here (https://www.acli.com/-/media/acli/public/files/pdfs-public-site/public-newsroom/051122_finalaclihsfcsubcommitteetestimony.pdf).