Best’s Review

It’s not every day that a push for more regulation can be construed as a pro-insurance-industry move. But some within the fledgling life settlement industry hope that pro-consumer legislation in the states of Washington and Maine leads to a tipping point.

Commentary by Michael Abraham:
Good considered regulation can no doubt help, but it is a fact that regulation in many states has really led to the development of regulated roles which have culminated in increased costs which ultimately is carried by the insured.  In other words poor regulation has led to the reduction in the price received by the insured, and in most cases without the concomitant improvement in security.

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Published on 01 Dec 2009 at 07:24 am