Blumie is just mad the Gov Rell and Insurance Commissioner Susan Cogswell have come out around his rhetorical obstinance, and have made an appeal to the general public through a serious of Op-Ed. Blumie’s constituents, the CT Trial Lawyers are squeeling foul. I suggest it is simply a political trump. Blumie makes the noise, but who is really listening. He’s like the boy who cried wolf too many times, except in his case he’s sued the wolf and anyone else that could generate headlines for him.
What CT needs is a first-party system for less serious claims – forget the cap, it aint going to fly with a veto-proof majority in the Senate. Also, another Blumie intitiative is disclosure of commisions and fees. Blumie must include Title Insurance commissions and title search fees as paret of his disclosure model, after all, why exempt lawyers who don’t offer a choice in title policies let alone inform you there is a choice, and who charge title search fees both to the buyer and the title company?
Okay, so who regulates the business of insurance – the Insurance Commissioner, or the Attorney General? And, is this regulation done by hearing and review or by headline?
We have recently seen a spate of these jurisdictional disputes, as the AG’s grab headlines while the professional regulators – who not only know the business but are actually granted the statutory authority to regulate – take a different view. A view which, by the way, seems to be more in tune with reality than the AG’s.
If you don’t like the Insurance Commissioner, then don’t vote for him/her. If you live in a state where the commissioner is appointed, write your legislator or the governor. What we shouldn’t do is cave in to the publicity-seeking attorneys general and let them try to regulate the insurance industry by media coverage.
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Blumie is just mad the Gov Rell and Insurance Commissioner Susan Cogswell have come out around his rhetorical obstinance, and have made an appeal to the general public through a serious of Op-Ed. Blumie’s constituents, the CT Trial Lawyers are squeeling foul. I suggest it is simply a political trump. Blumie makes the noise, but who is really listening. He’s like the boy who cried wolf too many times, except in his case he’s sued the wolf and anyone else that could generate headlines for him.
What CT needs is a first-party system for less serious claims – forget the cap, it aint going to fly with a veto-proof majority in the Senate. Also, another Blumie intitiative is disclosure of commisions and fees. Blumie must include Title Insurance commissions and title search fees as paret of his disclosure model, after all, why exempt lawyers who don’t offer a choice in title policies let alone inform you there is a choice, and who charge title search fees both to the buyer and the title company?
Okay, so who regulates the business of insurance – the Insurance Commissioner, or the Attorney General? And, is this regulation done by hearing and review or by headline?
We have recently seen a spate of these jurisdictional disputes, as the AG’s grab headlines while the professional regulators – who not only know the business but are actually granted the statutory authority to regulate – take a different view. A view which, by the way, seems to be more in tune with reality than the AG’s.
If you don’t like the Insurance Commissioner, then don’t vote for him/her. If you live in a state where the commissioner is appointed, write your legislator or the governor. What we shouldn’t do is cave in to the publicity-seeking attorneys general and let them try to regulate the insurance industry by media coverage.