Ex-Insurance Chief Sees Need for Change

Former New York Superintendent of Insurance Howard Mills believes improvements are necessary in state and federal regulations of the insurance industry.

The state regulatory scheme has certain strengths in the areas of solvency monitoring and consumer protection, he said, but falls short in areas such as speed-to-market issues, transportability of products and enabling the industry to be faster with innovations.

Ex-Insurance Chief Sees Need for Change
Source: Biz Journals