GARY G. MILLER: “That is a tremendous concern from the insurance industry today, that they are getting into an area the Feds were never…”

It is essential that Congress fully understand the impact international regulatory standards will have on the competitiveness of U.S. insurers.

On the recent ruling on Basel III, you acknowledge insurance companies are very different from banks, and you postponed any negative decision on that. I think that was a very, very wise move.

While I strongly believe in coordination among international regulators, we must resist the tendency of pursuing a one-size-fits-all approach.

I have some real concerns with that. I have had a concern with the definition between subprime and predatory for years, and I am glad to see we are going to finally deal with it.