Frankly Mad “It’s very, very disappointing. I’ve just pretty much run out of patience.” —Oklahoma Insurance Commissioner Kim Holland. Holland said she is “grossly disappointed and frankly mad” about a continuing backlog of more than 200,000 unpaid health insurance claims …
Pleased With Proposal “We are encouraged by Treasury Secretary [Timothy] Geithner’s statements that this proposal will maintain the important role that state regulators play in supervising insurance companies. We agree with his assertion that financial institutions must not be allowed …
AIG-Gravated Protesters “We’ve had people call (executive) homes to threaten and intimidate, protesters outside homes and offices… (and) we’ve had several valued executives resign over the past few weeks. All of this hurts our efforts to unwind the business and …
Judgment Day “I have been embarrassed. I have been humiliated. I have been ridiculed and I have been disgraced.” —Retired Pennsylvania Superior Court Judge Michael Joyce, who was sentenced in March to 46 months in prison for falsely collecting $440,000 …
Red River Floods “The magnitude of the expected flooding has not been seen in several years.” The National Weather Service as North Dakotans prepared for spring flooding along the Rd River Basin. Officials in Fargo and Grand Forks began ordering …
Bankruptcy No Barrier “It occurs to me that you’ve structured your affairs so that your creditors would have great difficulty in reaching into your income as a doctor.” —U.S. Bankruptcy Judge Thomas Bennett in ruling that former West Virginia physician …
Impact of Natural Disasters “I have witnessed first hand the impact natural disasters can have on a community and this state.” —Texas Rep. Craig Eiland, whose Galveston district was severely damaged Sept. 13, 2008, by Hurricane Ike. Eiland, along with …
Keeping Homes Afloat “PCI applauds Congress for acting to keep the National Flood Insurance Program in place. Allowing the program to expire would have very negative consequences for policyholders and also for the nation’s economy. Most home buyers use federally …
Drive-By Denial “While this was an unfortunate incident, the expansion of coverage beyond what is allowed for under the contract would be harmful for consumers.” —Richard Stokes, regional manager and counsel for the Property Casualty Insurers Association, commenting on a …
Can’t Figure “I can’t figure out what amount (Blunt) is convicted of.” —District Judge Bruce Romanick in ordering Sandy Blunt, the former director of North Dakota’s Workforce Safety and Insurance agency, to perform 1,000 hours of community service and pay …
