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Lloyd's Expects U.S. To Adopt Federal Regulation of Insurance

National News • November 19, 2008
Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance ...

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Subject: RE: Federal Regulation

Posted On: November 19, 2008, 1:50 pm CST
Posted By: cfw
Comment:
For decades the BIG BOYS at AIG have lobbied hard and deep to do away with State Regulation of Insurance. One of their objections to State Regulation centered around the Insolvency Laws that the States devised in the 1960's. It is these very Laws that have kept their real insurance operations in check and solvent.
When they found an end run for business via SEC and Treasury oversight (or lack thereof)their greed and lack of prudent judgment gave the mortgage industry a flawed basis to loan money on. When mortgage claims exceeded their ability to pay for lack of adequate reserves we witness an economic death spiral.
Welcome to Federal Oversight!
Subject Posted By Posted On
Armageddon Yay! AppWorker
Nov 21, 2008, 12:51 pm
RE: The feds already regulate the banks Nick
Nov 20, 2008, 8:46 am
Wow. I'm opposed to Armageddon
Nov 20, 2008, 6:16 am
RE: RE: Federal Regulation Bob C. Average
Nov 19, 2008, 3:57 pm
The feds already regulate the banks Smitty
Nov 19, 2008, 2:55 pm
RE: Federal Regulation Pete
Nov 19, 2008, 2:04 pm
RE: Federal Regulation cfw
Nov 19, 2008, 1:50 pm
RE: Federal Regulation?? Greg Wells, CIC
Nov 19, 2008, 1:34 pm
RE: Federal Regulation Chris Van Beurden
Nov 19, 2008, 1:14 pm
RE: Federal Regulation cjb
Nov 19, 2008, 1:12 pm
Poorly researched article Surprised
Nov 19, 2008, 12:59 pm
RE: Federal Regulation RS
Nov 19, 2008, 10:04 am
Federal Regulation writer696
Nov 19, 2008, 9:54 am
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