Consumer Watchdog
- https://en.wikipedia.org/wiki/Harvey_Rosenfield
- 1991 0418 - UPI - Watchdog group blames regulators for Executive Life failure - [link]
- Watchdog group Voter Revolt released an internal memo Thursday showing insurance regulators investigating Executive Life Insurance Co. concluded there was no financial danger just four months before the firm was seized.
- 'Just as in the savings and loan debacle, the insurance regulators who were supposedto protect the public from this kind of disaster failed to do so,' Harvey Rosenfield, chairman of Voter Revolt, said during a news conference.
- “Life insurance is a $5 trillion industry which affects the lives of almost all Americans and closely interacts with banks and securities firms,” Keating says.
- “Consumers cannot afford a regulatory structure in which federal financial regulators are effectively walled-off from overseeing the insurance marketplace.”