GARY G. MILLER: “I enjoyed your opening statement. You talked about empowering consumers, fair, transparent, and competitive…”

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.

If we are concerned about empowering consumers, we really should be concerned about their safety.

Yet, by requiring this Davis-Bacon mandate, we are beating up the price of apartments and condos and townhomes by 20 to 25 percent.

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.