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Posts Tagged ‘State DOIs under the influence’

Pin itI think we’ve all known for quite some time how “influenced” state DOIs really are. Now, we know for sure.

It’s common knowledge that state DOIs are in the pocket of the insurance industry. In Maine, the Attorney General is also in bed with Unum and basically does what Unum┬átells the office of the attorney general to do.

Although the Maine DOI (Department of Insurance) was one of the three regulators involved in the Unum Settlement Agreement, the department refuses to enforce it and render additional fines.

With everything else that’s going on in government these days, it makes me wonder if anything is really on the up and up anymore.

Here’s a good article submitted by a DCS client. Thanks!

https://www.publicintegrity.org/2016/10/02/20020/drinks-dinners-junkets-and-jobs-how-insurance-industry-courts-state-commissioners

 

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