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Article: Golden Rule rejects charges of using intimidation. (Golden Rule Insurance)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- August 8, 1994
- Author:
CopyrightCOPYRIGHT 1994 Summit Business Media. 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)
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WASHINGTON--The president of Golden Rule Insurance Companies last week rejected charges that the company tries to intimidate legislators, regulators and policyholders as unfair and lacking any factual foundation.
Testifying at a House Energy and Commerce subcommittee hearing, John M. Whelan issued a point-by-point rebuttal of charges leveled by two state legislators, a state regulator and a representative of a single-payer activist group.
"Certain of the charges reflect a fundamental misunderstanding of the business of insurance," Mr. Whelan said. "And some simply are unfortunate broadside attacks which lack any factual foundation."
Committee ...