GARY G. MILLER: “A $150 billion loss is outrageous. There is just no excuse for that.”

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

But the idea behind an Inspector General, which I have come to admire, is that there is an independent watchdog within agencies...

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.

The environment within which the regulators work today should basically encourage innovation and growth rather than to stifle it.