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AIA Insurers Call State Regulation a 'Trifecta' of Failure, State Their Case for Federal Role
National News • September 23, 2004
A representative of the American Insurance Association (AIA) testified before the Senate Banking Committee, alleging that "the outdated, dysfunctional nature" of state insurance regulation does ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: federal oversight of insurance | Bob Fike, CPCU | Sep 24, 2004, 4:52 pm |
| RE: RE: federal oversight of insurance | Practical | Sep 23, 2004, 6:40 pm |
| fed reg of ins. | terry | Sep 23, 2004, 3:13 pm |
| RE: federal oversight of insurance | Jane Logan,CPCU | Sep 23, 2004, 9:10 am |
| federal oversight of insurance | dave | Sep 23, 2004, 6:58 am |
| Back to article | ||
Subject: RE: RE: federal oversight of insurance
New Jersey and Massachusetts auto, Florida homeowners and California earthquake are all examples of jury-rigged, inefficient regulatory schemes in the face of serious problems. Even where there are not serious problems inefficient regulation costs companies, agnets and insureds in terms of time, money and quality of coverage.
It's time to give the Feds a chance.