Industry Ethics Executive to Participate in National Conference of State Legislatures Discussion

July 15, 2004

  • July 16, 2004 at 3:47 am
    Rich Pyorre says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    How can consumer trust and confidence be strengthened by a voluntary organization that has no teeth? If the object of IMSA is to “subscribe to high standards of honesty and fairness” how is it they do nothing when perjury of one of their members, State Farm Insurance Companies, is pointed out and they respond “they are not one that plays a regulatory role in policing the activities of its members or in handling individual complaints”. I informed IMSA about the perjury of State Farm Insurance Companies on January 13, 2004 and sent them documentation. IMSA told me they forwarded the information to State Farm’s compliance office. IMSA also told me to contact them if I did not hear from them in a reasonable time. Having heard nothing from State Farm by March I send another inquiry to IMSA requesting help in this matter. IMSA has yet to indicate any resolution to this matter other than to try to ignore it. Here is another question for Mr. Walters: Wouldn’t perjury of an IMSA member be an item of concern for an organization that espouses to be “a standard setting organization for high ethical standards”? If IMSA is aware one of their members has committed perjury and does nothing about it how does that make consumer trust and confidence stronger? Wouldn’t most people agree that perjury would generally fall in the category of ethics? If Mr. Walters participation in the topic “Who’s Looking After the Insurers – and How?” it would be very informative for him to explain why IMSA has taken such a hands off approach. Does this title infer IMSA’s position is to look out for the insurers? How independent and able to watch out for the consumer can IMSA be if it will not do anything about perjury issues of one of its members? I have sent some of my documentation to IMSA so they are aware I have the documentation to back my statements, I also have additional information. If an organization is promoting itself as the “Insurance Market Standards Association” it surely should set a high standard and be able to police the activities of its members! What good are IMSA’s principals if they do nothing when violations of these principals are brought to their attention? Rich Pyorre, Fort Bragg, California



Add a Comment

Your email address will not be published. Required fields are marked *

*