What AIG Means for the Future of State Regulation

Proponents of federal regulation say the recent $85 billion bailout loan for American International Group demonstrates the need for federal oversight of the insurance industry. But in these exclusive interviews with Insurance Journal’s Ken St. Onge, top regulators from Wisconsin, Maine, Pennsylvania, Ohio and Florida argue that the reason AIG remains is because its insurance companies were regulated by individual states.

Want to Add this Video to Your Website?
Embed Video: 
Rate this Video
1 Star2 Stars3 Stars4 Stars5 Stars
(11 votes, average: 4.27 out of 5)
Loading ... Loading ...

User Comments

  1. Salty Dawg

    October 17, 2008 at 6:28 am

    AIG Holding company, the parent company that needed the bail out, is already regulated by the Feds and not the states. Need we say more?

  2. Penisa

    December 29, 2008 at 4:22 am

    outgoing space for buddy. trust to get more from your side :)

Post a Comment

Recently Added

ADVERTISEMENT

Featured

  • Norwood on Workers’ Comp

    John, principal of Norwood & Associates, has been an lobbyist for insurance and financial services sectors across several decades. Norwood offered a focused looking at the all-important workers’ compensation issue, and he gave his thoughts on health insurance exchanges. In fact, Norwood forecast that 2012 will rank as an important one when it comes to [...]

  • Lobbyist Norwood Analyzes Consumer Watchdog Legislation

    John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood spoke to the Insurance Journal about legislation and regulation, including a proposal by a consumer advocacy group that would establish prior approval for healthcare insurance and would make major changes to auto insurance and homeowners insurance in [...]

  • At-Home Insurance Careers for Disabled Veterans

    For insurance agents Gary Trippe and Jim Pender, the idea for DVIC, or Disabled Veterans Insurance Careers, which aims to guide disabled veterans into careers in insurance, evolved in part from their own personal experiences with disabled family members. In this interview with Insurance Journal’s Andy Simpson, the two share their dream of an organization [...]

Popular

  • Entrepreneurial Technologists

    This year the Entrepreneurial Insurance Alliance (EIA), sponsored by MarketScout, named Vertafore and Risk Metrics, as winners of it 2011 Entrepreneurial Award in technology. Vertafore’s WorkSmart and Risk Metrics’ Insurance 360 technology products received recognition from the EIA as being some of the industry’s most innovative concepts in technology. Each year, the EIA receives hundreds [...]

  • How Insurance Distribution Is Changing

    Retail and wholesale brokers face the challenge —and opportunity— of redefining their relationships and value proposition in today’s changing insurance distribution world, according to Glenn Hargrove, president, MarketScout Wholesale, Dallas, Tex. In this interview from the recent Western Insurance Agents Association’s Insurance Industry Roundtable in California, Hargrove outlines the value proposition of agents and brokers [...]

  • Interesting Times in Medical Liability

    The medical liability market continues to perform well even as the nation struggles to implement health care reform. Robert Allen, senior vice presidents at Torus Insurance, says many health care institutions are implementing new strategies to be successful in today’s health care reform world. In this interview with Insurance Journal’s Andrea Ortega-Wells from the annual [...]

Random