I have worked both in industry 20+ years and as a regulator 20+ years, are you saying that industry experience trumps a regulator without indutry eperience? I have known very few regulators that had ONLY text book experience. Believe me they know the industry they regulate better than most of the folks on the inside.
I have had the pleasure of working with Bruce when he was a Market Conduct Examiner. I did not work for nor am I affiliated with Nebraska,I was representing another state. You will not find a more honest ethical and upstanding person. The people of Nebraska will be well served by Bruce. I would hope that Ben Dover and those with similar opinions had one ounce of Bruces moral fiber. Nebraska is lucky to have this man as their Director of Insurance. Best wishes Bruce.
Ben didn’t appear to question Mr. Ramge’s ethics just his obvious lack of real world insurance experience. I’ve encountered several ethically astute regulators over the years but it didn’t make them any less prone to making theoretical text book decisions.
I have worked with bureacrats with real world experience and those from the inside and generally, real world experience is better, but the worst of all worlds is a politician with an ax to grind. Give me an insider who is honest and fair over a lawyer or politician who is trying to make a name for himself, or hates those he regulates.
Shirley, all I can say is LOL!!! A prime example of the general ineptitude of regulators is being played out with the implementation of the Non Admitted and Reinsurance Reform Act passed by congress as part of the Dodd Frank financial legislation this year. The CLEAR intent of congress was to simplify the filing and payment of surplus line taxes and fees. The regulators are butchering the act as thay are in a complete panic to preserve tax revenue as they dropped the ball and were completely unprepared for passage of the act. The chairman of the NAIC committee on this issue used the phrase “the challenges are to cobble together an agreement” in an interview. So that’s the best they can do “cobble together” something? What a laugh. They knew this was coming for several years and sat on their hands and now they are in full panic mode. Your last statement that regulators know the industry better than most of the folks inside is laughable except that you believe it. Typical bureaucrat statement to end all conversations.
Wow Shirley. I am not sure why you would be questioning my moral fiber based on my original comment.
I am sure that Bruce is very ethical, moral, and upstanding.
My only point was that actual industry experience would be a good qualification for a regulator to have.
I hope that in your dealings with the industry as a regulator, you are not so quick to jump to conclusions and make these kind of inappropriate statements.
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I have worked both in industry 20+ years and as a regulator 20+ years, are you saying that industry experience trumps a regulator without indutry eperience? I have known very few regulators that had ONLY text book experience. Believe me they know the industry they regulate better than most of the folks on the inside.
Another bureaucrat. Too bad they can’t get someone with some real experience in the industry, rather than another Government employee.
I have had the pleasure of working with Bruce when he was a Market Conduct Examiner. I did not work for nor am I affiliated with Nebraska,I was representing another state. You will not find a more honest ethical and upstanding person. The people of Nebraska will be well served by Bruce. I would hope that Ben Dover and those with similar opinions had one ounce of Bruces moral fiber. Nebraska is lucky to have this man as their Director of Insurance. Best wishes Bruce.
Ben didn’t appear to question Mr. Ramge’s ethics just his obvious lack of real world insurance experience. I’ve encountered several ethically astute regulators over the years but it didn’t make them any less prone to making theoretical text book decisions.
I have worked with bureacrats with real world experience and those from the inside and generally, real world experience is better, but the worst of all worlds is a politician with an ax to grind. Give me an insider who is honest and fair over a lawyer or politician who is trying to make a name for himself, or hates those he regulates.
Shirley, all I can say is LOL!!! A prime example of the general ineptitude of regulators is being played out with the implementation of the Non Admitted and Reinsurance Reform Act passed by congress as part of the Dodd Frank financial legislation this year. The CLEAR intent of congress was to simplify the filing and payment of surplus line taxes and fees. The regulators are butchering the act as thay are in a complete panic to preserve tax revenue as they dropped the ball and were completely unprepared for passage of the act. The chairman of the NAIC committee on this issue used the phrase “the challenges are to cobble together an agreement” in an interview. So that’s the best they can do “cobble together” something? What a laugh. They knew this was coming for several years and sat on their hands and now they are in full panic mode. Your last statement that regulators know the industry better than most of the folks inside is laughable except that you believe it. Typical bureaucrat statement to end all conversations.
Wow Shirley. I am not sure why you would be questioning my moral fiber based on my original comment.
I am sure that Bruce is very ethical, moral, and upstanding.
My only point was that actual industry experience would be a good qualification for a regulator to have.
I hope that in your dealings with the industry as a regulator, you are not so quick to jump to conclusions and make these kind of inappropriate statements.