Redwaterlily has the details and good questions:
During her campaign, from what I recall, Karen Weldin Stewart often told the audience about the fact that the insurance market is very stable and that the insurance companies are solvent because of strong regulations. If that is the case, how is loosening those regulations in the best interest of the consumers?
Go over there and read the whole thing. And Redwaterlily has a really good point here and I’ll ask why she thinks that these companies need to have their reserve requirements reduced. Insurance companies are losing money like the rest of us on their bond and other instrument holdings. They wanted to access TARP funds to make themselves seem healthier, but didn’t get it. So now they are asking for this relief state by state. Watching what as been going on with banks, I don’t see any real reason to trust this — do you?