As a former regulator, Mr. Hunter knows better than to believe his own press. This is just a press release to start tainting the media airwaves ahead of Bill Frist\’s efforts at real reform. Any meaningful assessment of the med mal market would still scare your pants off. There is a huge number of states where the med mal markets could not be declared competitive under any standard market concentration test. There simply are too few insurers willing to risk their solvency by writing this line. Furthermore, the number of financially weak players in this business is downright shocking. If property insurers looked like this, nobody would get their Katrina claims paid. And somebody needs to start investigating New York State soon. They have a med mal pool there with such inadequate rates that it\’s racking up deficits faster the Knicks rack up losses. At the pace it\’s going, they could have a $1+ billion dollar deficit in another 3 or 4 years. So, Mr. Hunter, you think everything is hunky dory?
Was there realy a crisis? Fact is in the Mid 1980\’s the prices for Med. Mal were close to where they are now. That was at investment income levels of 12% to 20% on approved investments for carriers. It was a crisis then because the world had really changed with regard to settlements. This recent problem had to do with greed and ignorance, not change in risk. The medical providers are in a way crying wolf after being lulled into fantasy by insurers trying to grab market share at unrealistic prices and low investment income. Get Real everybody the public as a whole is being dupped by all this.
Hunter once tried to be a regulator in Texas, if I\’m not mistaken. His service to Texas is quite forgetable. He claimed to be \”Federal\” regulator before then but I have never know exactly which US Government insurance product he was in charge of overseeing. Would that have been flood insurance? What a piece of work that program is. Would it be the \”Federal Crime Insurance Program\”? Another work of art. FDIC? FSLIC? Social Security?
The man is a sanctimonious, self anointed blow hard and nothing more! He\’s lined his own pockets while pompously parading around and added absolutely nothing to the industry or the consummers it claims to serve. Hunter, in my opinion, fulfills the role of an \”EMPTY SUIT\”, to perfection. One day somebody in the press is going to wake up recognize him for what he is, a shameless self promoter.
As a former regulator, Mr. Hunter knows better than to believe his own press. This is just a press release to start tainting the media airwaves ahead of Bill Frist\’s efforts at real reform. Any meaningful assessment of the med mal market would still scare your pants off. There is a huge number of states where the med mal markets could not be declared competitive under any standard market concentration test. There simply are too few insurers willing to risk their solvency by writing this line. Furthermore, the number of financially weak players in this business is downright shocking. If property insurers looked like this, nobody would get their Katrina claims paid. And somebody needs to start investigating New York State soon. They have a med mal pool there with such inadequate rates that it\’s racking up deficits faster the Knicks rack up losses. At the pace it\’s going, they could have a $1+ billion dollar deficit in another 3 or 4 years. So, Mr. Hunter, you think everything is hunky dory?
Was there realy a crisis? Fact is in the Mid 1980\’s the prices for Med. Mal were close to where they are now. That was at investment income levels of 12% to 20% on approved investments for carriers. It was a crisis then because the world had really changed with regard to settlements. This recent problem had to do with greed and ignorance, not change in risk. The medical providers are in a way crying wolf after being lulled into fantasy by insurers trying to grab market share at unrealistic prices and low investment income. Get Real everybody the public as a whole is being dupped by all this.
Hunter once tried to be a regulator in Texas, if I\’m not mistaken. His service to Texas is quite forgetable. He claimed to be \”Federal\” regulator before then but I have never know exactly which US Government insurance product he was in charge of overseeing. Would that have been flood insurance? What a piece of work that program is. Would it be the \”Federal Crime Insurance Program\”? Another work of art. FDIC? FSLIC? Social Security?
The man is a sanctimonious, self anointed blow hard and nothing more! He\’s lined his own pockets while pompously parading around and added absolutely nothing to the industry or the consummers it claims to serve. Hunter, in my opinion, fulfills the role of an \”EMPTY SUIT\”, to perfection. One day somebody in the press is going to wake up recognize him for what he is, a shameless self promoter.