• There are problems waiting to emerge that will be uncovered by lawsuits, not the regulators, or by the media.
  • Consider life insurance market conduct abuses of a decade ago.
  • The largest life insurers told people their premiums would disappear, and confused them into believing their life insurance was an investment.
  •  It took lawsuits to uncover these problems.  (p10-11)

--  Statement of J. Robert Hunter, Director of Insurance, Consumer Federation of America

2007 1030 - GOV (House) - Additional Perspectives on the Need for Insurance Regulatory Reform, Paul Kanjorski, (D-PA) - [PDF-180p,  VIDEO-Archive.org]