Posted On: September 26, 2008, 1:44 pm CDT

Posted By: Sheltowee

Ok, then Holding Companies should not be allowed to own insurance companies. Why? Because if the Holding Company fails the insurance company fails. Wise up, and look at the facts that are screaming at you. Regulation without the red tape is good but it may be too late to prevent what is about to unfold. Our legislators and appointed commissioners have failed and they will keep on failing if they don't stop living in denial of the fact that they sold out for money. They really don't understand how the industry works, it's causes and effects. They depended on industry affiliates to tell them. They listen to the money talking and rationalize their judgement after the fact. This is how the commisioners work. Why? This is all they can do with what is available to them.