This is a good example of the state insurance commissioners coming together to address a national issue. President Sevigny and the NAIC’s new CEO, Terry Vaughn, should be commended. In the current financial crisis, state regulation has proven to be superior. Insurance company insolvencies remain rare. Consumers have been protected and a solid pillar of our economy remains intact.
With Prudential involved you know they were lying through their tooth. That’s a snake oil company even when they were selling penny policies almost a century ago.
This is a good example of the state insurance commissioners coming together to address a national issue. President Sevigny and the NAIC’s new CEO, Terry Vaughn, should be commended. In the current financial crisis, state regulation has proven to be superior. Insurance company insolvencies remain rare. Consumers have been protected and a solid pillar of our economy remains intact.
With Prudential involved you know they were lying through their tooth. That’s a snake oil company even when they were selling penny policies almost a century ago.