So Much for Oversight
June 21, 2012 by Bill Coffin
As Oklahoma delegates regulation of insurance to insurance companies themselves, the limits of state-based oversight become clear.
By Bill Coffin
June 19, 2012 •
For the last several years, we have lived in a world where the economic stakes for a major insurance failure have become too large to ignore. When AIG imploded in September 2008, kicking off a global financial meltdown that in turn has become the Great Recession, it revealed to all the risks we run by pairing a diverse and yet intertwined financial services industry with a porous, patchwork system of regulatory powers to oversee the whole thing. Click here to read more…
Originally Posted at LifeHealthPro on June 19, 2012 by Bill Coffin.
Categories: Industry Articles