“[Broadie] expressed concern about the “unintended consequences” that the new regulatory regime could have on insurers, such as “mission creep” by the FIO that could result in duplicative regulation.”
ICE Immigration/Customs Enforcement under DHS Homeland Security just seized a number of websites without trial. The sites seized included a number of those that were alleged to involve infringements of intellectual property rights. For example one site was a rap music mixtape message board. The seizures were announced in front of Disney’s headquarters.
With Immigration & Customs officials seizing websites on Disney’s behalf because they were accused of containing links to other websites that had other links to pirated material I am certainly worried about potential for “mission creep” of the FIO.
We talk about shrinking “government” but never about shrinking “the state” — that permanent massive bureaucratic apparatus which we have grown steadily over the past sixty years.
Federal involvement in the regulation of the insurance industry will eventually become a disaster. If we are honest with ourselves we cannot name a single thing (other than the military) that the federal government has ever regulated in an efficient and non destructive manner. Social Security, Medicare, Medicaid, the auto industry….the list goes on.
First, it’s bad enough to have to deal with thoroughly corrupt and incompetent state commissioners who abandoned policyholders’s interests a long time ago in order to hobnob with the industry for their own benefit. I’m sure I don’t have to get any more explicit than that – we all know what the deal is. This is a particular problem in Delaware where most carriers are incorporated. And now that commissioner and no doubt others around the country are looking for even greater self-aggrandizement by bucking for a federal post in Obama’s new and typically intrusive scheme. Federal regulation is duplicative and wasteful, much like the feds generally. Reinsurance regulation is especially obnoxious since reinsurers don’t deal with the public as primaries do. Maybe everyone has forgotten that the original point of insurer regulation was to protect the consumer.
“[Broadie] expressed concern about the “unintended consequences” that the new regulatory regime could have on insurers, such as “mission creep” by the FIO that could result in duplicative regulation.”
ICE Immigration/Customs Enforcement under DHS Homeland Security just seized a number of websites without trial. The sites seized included a number of those that were alleged to involve infringements of intellectual property rights. For example one site was a rap music mixtape message board. The seizures were announced in front of Disney’s headquarters.
With Immigration & Customs officials seizing websites on Disney’s behalf because they were accused of containing links to other websites that had other links to pirated material I am certainly worried about potential for “mission creep” of the FIO.
We talk about shrinking “government” but never about shrinking “the state” — that permanent massive bureaucratic apparatus which we have grown steadily over the past sixty years.
Federal involvement in the regulation of the insurance industry will eventually become a disaster. If we are honest with ourselves we cannot name a single thing (other than the military) that the federal government has ever regulated in an efficient and non destructive manner. Social Security, Medicare, Medicaid, the auto industry….the list goes on.
First, it’s bad enough to have to deal with thoroughly corrupt and incompetent state commissioners who abandoned policyholders’s interests a long time ago in order to hobnob with the industry for their own benefit. I’m sure I don’t have to get any more explicit than that – we all know what the deal is. This is a particular problem in Delaware where most carriers are incorporated. And now that commissioner and no doubt others around the country are looking for even greater self-aggrandizement by bucking for a federal post in Obama’s new and typically intrusive scheme. Federal regulation is duplicative and wasteful, much like the feds generally. Reinsurance regulation is especially obnoxious since reinsurers don’t deal with the public as primaries do. Maybe everyone has forgotten that the original point of insurer regulation was to protect the consumer.