Do State Insurance Departments Really Help Consumers?

posted by   sgidia786 (0)   10 months ago (all-about-mutual-funds.blogspot.com)

Evidently, not too much, according to the Bloomsberg article hyperlinked below. It's to be expected, I suppose, when you consider that the state insurance commissioners generally come from the insurance industry, and return to good jobs there. Furthermore, the National Association of Insurance Commissioners helps the states in writing the insurance laws. And since, according to the article, insurance companies sometimes pay for the foreign travel of state insurance commissioners, the insurance companies must be getting favors in return. http://all-about-mutual-funds.blogspot.com/2008/01/do-state-insurance-departments-really.html