Sen Dodd’s regulatory reforms are a great start. I know that the insurance industry, like any other doesn’t want to be regulated. But with the experience of AIG, The Hartford, and other carriers who converted into bank holding companies so that the government could throw them a lifeline, govenment risk management is the new reality. We all know that our industry places great risks on the counrty’s financial system, when things go wrong. The states have done a very poor job at keeping our industry in line so only the national government can do it now.
Where have you been??
The companies that got in trouble were the ones under FEDERAL regulation!! The P&C companies that are state regulated are doing just fine. That includes the P & C insurance part of AIG.
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Sen Dodd’s regulatory reforms are a great start. I know that the insurance industry, like any other doesn’t want to be regulated. But with the experience of AIG, The Hartford, and other carriers who converted into bank holding companies so that the government could throw them a lifeline, govenment risk management is the new reality. We all know that our industry places great risks on the counrty’s financial system, when things go wrong. The states have done a very poor job at keeping our industry in line so only the national government can do it now.
Where have you been??
The companies that got in trouble were the ones under FEDERAL regulation!! The P&C companies that are state regulated are doing just fine. That includes the P & C insurance part of AIG.
He stole so much that now he’s resigning!
Keep drinking the cool-aide, AC.