The Julia La Roche Show · Saturday, October 31, 2026
Chris Whalen discusses the National Association of Insurance Commissioners (NAIC) backing away from policing private credit ratings used by insurers, calling it a public humiliation. He warns that life insurance and annuity holders lack federal regulatory protection under the current state-based system.
“The NAIC suffered a stunning public humiliation by backing away from efforts to police substandard private ratings used by insurers.”
“So I think it's unfortunate because what it means is that if you have life insurance, or if you have an annuity that's issued by one of these companies, there's nobody looking out for you.”