On Behalf of State Regulators, N.Y. Superintendent Serio Speaks Out Against Federal Oversight

September 22, 2004

  • September 23, 2004 at 8:33 am
    Martin Grace says:
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    This seems to be quite a large expenditure on state insurance regulation as the total state taxes collected in 2002 was something in the order of $ 535 billion according to the Census Bureau (http://ftp2.census.gov/govs/state/02statess.xls)

  • September 23, 2004 at 3:21 am
    Jere Allan says:
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  • September 23, 2004 at 3:22 am
    Jere Allan says:
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  • September 23, 2004 at 3:25 am
    Jere Allan says:
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    Finally I hit the right key. Hurray for Mr. Serio. I am glad that someone in the insurance industry recognizes that getting the Feds involved in the regulation of insurance is bad, bad news. On the other hand I don’t know of any other industry that “asks” for this kind of interference by not handling its own business properly.

  • September 23, 2004 at 6:45 am
    Practical says:
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    The mess that state regulators – including the NY Insurance Department – have made of regulating the insurance business creates a situation that cries out for change.

    Even the feds can’t do worse.

  • September 24, 2004 at 10:10 am
    vpaul03 says:
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    Change is needed now! Serio may have the best intentions but reforms will never happen in NY as long as we have the current political cliamte in NY. They are a disgrace and the Feds will force their hands. Can’t be any worse



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