(Wires)
The National Association of Insurance Commissioners (NAIC) has appointed BlackRock to evaluate commercial mortgage holdings for the insurance industry. The firm will review over 7,000 commercial mortgage-backed securities the end of 2010.   The money manager will evaluate loss expectations for the holdings, which in turn determines how much capital insurers must hold to reduce potential declines. NAIC received 16 bids for the role. In 209, it had appointed PIMCO to assess insurers’ home-loan securities.