Posted On: May 12, 2005, 9:31 am CDT

Posted By: C

McCarthyism? Saddam Hussein? Whereas Spitzer's investigations may be self-serving and political oriented, any comparison to McCarthy (not to mention the bizarre, tactless Suddam Hussein line) is laughable. The Spitzer witch hunt may be immediately harmful to the insurance industry, but will likely help in the long run. While these attacks may be hard to swallow, the truth is, if laws are being broken and customers are not receiving the best product, there needs to be change. I understand the argument that practices similar to the charges put forth by Spitzer are taking place throughout the entire business world. Still, that doesn't mean that Insurance should be taken off the hook since they've been "unfairly" singled out. Instead, all businesses should be held accoutable, and any smart company will look at the dealings in the Insurance industry and clean things up.

I know that Spitzer is an easy target and that's he's made life hell for a lot of insurance people. But we must remember, Spitzer was inevitable. With the multi-billion dollar industry being run by an Old Gentelman's Club and the recent exposure of misdealings at Enron Worldcom, etc, it was only a matter of time until someone started investigating behind the scenes. To attack Spitzer's political motives is easy, but effectively misdirecting and almost childish. What the industry needs is someone to take the high road, to embrace the more transparent direction the industry is heading towards, and try and make this work instead of dragging their feet and delaying the inevitable.

Of course, I'm only 22, so what do I know.