GARY G. MILLER: “On the recent ruling on Basel III, you acknowledge insurance companies are very different from banks, and you postponed…”

For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.

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

We are starting to see a rebound in the housing market, and that is really important to the economic recovery of this country and for job creation.

I have always had a problem with the way they were fundamentally flawed. You had a hybrid situation where the private sector made all the profits, and the taxpayers took all the risk, which was problematic from the beginning.