National News
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Senate Banking Committee Urged to Back Federal Insurance Regulation
National News • July 30, 2008
The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: Federal (non) Oversight | Rusty | Aug 5, 2008, 10:12 am |
| RE: RE: Federal (non) Oversight | Ratemaker | Jul 31, 2008, 12:02 pm |
| Innovation from weaker regulation | MAP in A2 | Jul 31, 2008, 8:31 am |
| RE: Federal (non) Oversight | matt | Jul 31, 2008, 8:15 am |
| Federal (non) Oversight | Joe B | Jul 30, 2008, 3:49 pm |
| FEDERAL INSURANCE REGULATION | J D Kull | Jul 30, 2008, 3:48 pm |
| you guys are wrong | Jul 30, 2008, 1:31 pm |
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| RE: The more I learn about this... | CBC | Jul 30, 2008, 1:06 pm |
| The more I learn about this... | KLS | Jul 30, 2008, 12:35 pm |
| Back to article | ||
Subject: Federal (non) Oversight
Do you mean stifling "innovations" such as interest only loans, no income verification, balloning adjustable rate mortgages?
How about innovations like computer tech support from India with english as a second language customer service reps.
Maybe some corporate innovations that will let control of the industry fall into the hands of a few companies to control expenses such as Exxon/Mobil, Chevron & Conoco Philips?
I think I would rather have 50 states overseeing the companies rather than 1 federal agency. At least with 50 states checking, if only 20% of them manage to do their job, the corporations won't be able to run amuck.
If the corporations are pushing too hard for this, you know it can't be good for the American, working consumer.