|
|
Article: NAIC shows its political dark side with N.Y. suspensions. (National Association of Insurance Commissioners, New York State Insurance Department) (Another Perspective) (Column)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- April 12, 1993
- Author:
CopyrightCOPYRIGHT 1993 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Somewhere in between the bombing of the World Trade Center and the East Coast blizzard came a curious tremor not so much seismological as political.
The rumblings, which shook the foundations of the insurance regulatory system in New York, had its epicenter somewhere in the Midwest, far removed from the usual foci of power for New York's regulators - Albany or Washington.
Mysterious, too, was the question of whether this phenomenon was a bona fide event, or merely a shadow shock wave of a far-off disturbance that would, in the long term, prove to be of little moment.
New Yorkers, accustomed to jolts from time to time, are not easily rattled. ...