Insurance industry needs to regain confidence of public --
In the wake of the CLICO problems, broker Raj Singh says the insurance industry needs to regain the confidence of the public and he also said the regulator's office does not have the required resources to effectively oversee the Insurance Act.
The insurance industry Tuesday laid down a marker on health care, warning in stark terms that a proposed government insurance plan would dismantle the employer coverage Americans have relied on for a half century and overtake the system.In a joint letter to senators, the two largest industry groups also said they don't believe it's possible to design a government plan that can compete fairly with private companies in a revamped health care market.