It is essential that Congress fully understand the impact international regulatory standards will have on the competitiveness of U.S. insurers.
GARY G. MILLER: “It is essential that Congress fully understand the impact international regulatory standards will have on the…”
Editor's note · Context
Miller stresses the need for Congress to grasp international regulations' effects on U.S. insurers.
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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.
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.
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.





