KWS Sucks Thread
KWS wants to relax requirements for insurance companies to maintain sufficient reserves to pay claims.
Discuss.
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KWS wants to relax requirements for insurance companies to maintain sufficient reserves to pay claims.
Discuss.
Tags: KWS
Connect with us on the following social media platforms.
Uh, what? They need more reserves, not less. Hasn’t the financial crisis taught her anything?
I officially regret my vote. I accept all bashing and “told ya so’s” from the Brady voters of all political persuasions. KWS is officially a walking catastrophe.
By the way, that was incredibly easy for me to say. Didn’t take a moment’s hesitation. Better the world know I was wrong than to silently condone her bullshit.
Has she (or rather her office) issued any sort of explanation for this?
I don’t understand, she is a capital ‘D’ Democrat. She had to be 10000% more qualified if I remember any of the pre-election blogging (notable exception being Jason).
Liberal is not Democrat and vice versa. She is paid for.
We had this up a few days back. But as far as I can tell neither KWS or her office has provided any further info that what was in the NJ article.
If this is going down the way it appears, it stinks out loud. I too will be regretting my vote.
Insurance companies are basically giant piles of money administered by a relatively few, very wealthy people. They use a substantial amount of this to support the reelection of politicians who will craft legislation favoring the insurance industry.
Since the insurers began working on the Wall St. model, i.e., show a profit every quarter to your investors regardless of how you do it, they have employed an ever larger set of unethical tactics to achieve this goal. Historically, this was mainly hiring legions of worker-bees to collect premiums and deny claims. More recently, like the banks, creative financing became more common; getting into the credit default swap business to inflate their holdings, for example.
Intentionally allowing these outfits to hold less cash reserves than required would be legalizing malpractice. What is the insurance company selling you if they have no means to pay all the claims they may have to? Remember Katrina? This is just inviting the taxpayers to fund the next bailout.
I voted for two Republicans in November – Mike Castle and John Brady. I don’t regret either.
Really, Anon? You oppose the stimulus package as well?
For the record, Not Brian, DL did not endorse. There were a few of us here that said that they could not endorse her. I know that I voted for Brady (who is now a D).
Sadly, I voted for KWS. I didn’t know that Brady was rational.
Silver Lining? … Had Brady won would he have left the Republican Party?
Sorry LG… I just remember Jason posting daily about her and a lot of people supporting her (and some saying bad things about Brady and discussing his sexual preference – generally things I would expect from your opposition).
I was not speaking specifically about the contributors, more about the discussion…
Now that he has a ‘D’ after his name I guess he is qualified 🙂
I consider myself fairly liberal (well, to the left of Marx on many things) and often do not understand what liberal has to do with Democrats, aside from them pandering to liberals for votes. In the rare instance where there seems to be a public official with some small bit of decency I always find it depressing how quick we are to vilify them because of the letter after their name.
Edison – to your point, by doing this we are shifting the risk from the investors in the short term to the insured and the government in the long term… if the companies have large payouts it could destroy them because they will not have sufficient reserves – so we can bail them out – and in the meantime pay dividends and grant huge bonuses to their management. It is insane.
Yeah, Pandora. Probably not. By all accounts Brady is a good guy to have come over from the dark side of the Force.
We endorsed one Republican and refused to endorse in the IC race because of the division within the ranks.
I know that she has outright lied with a straight face. I cannot yet prove it without burning a source. Perhaps soon.
I wonder how “sucks” came to mean something bad?
Not Brian, yes – socializing loss and privatizing gain. Insane, indeed.
A1, she would probably suck at sucking if she tried.
I thought this was already done, not wanting to be done.
I think it was an attempt to let insurance companies pay their credit default swaps easier.
I think it is a bad idea all of the way around. more reserves, not less. One bad hurricane and this country is fu%ked.
Its time to ask the Democratic Party why they delivered her $35,000 AFTER she went to NYC and collected all those campaign contributions from the insurance companies? Hummm! Thats what I want toknow….especially when they told other democrats “they had no money”, since they gave their funds to Carney to beat Jack?
Proves to me John Daniello should be excommunicated….now.
What’s it going to take to remove this obviously corrupt IC from office before she does any more damage? Any ideas? Can we exchange her for a real commissioner with a brain and ethics like John Brady would have been if she hadn’t cheated him out of the job?
This is a terrible idea.
No one can say for certain whether or not Brady would have proposed the same bad idea or other bad ideas that are equally bad or worse. The idea that an unelected Republican would automatically have been more liberal than the elected Democrat seems implausible.
Still, this is a terrible idea.
I can answer that I would not have authorized this regulation to lower reserves.
My father had tried for years to get me back to the Democratic Party. This year (2009) he suceeded.
I have been welcomed back in a very enthuastic manner by Democrats across the state.
Even MJ and I have met and had long conversations about politics and campaign buttons(we share the same hobby).
I thank Delaware Liberal for the chance to express this.
Hey John! We’re delighted that you are joining us here at Delaware Liberal and hope you are inclined to hang around. I’m sure you’ve got a pretty unique perspective of Delaware politics.
Bobby, whether or not a different IC would have been more liberal isn’t really an issue. More to the point is that just about anybody would have been more honest and ethical.
Thanks for speaking up on this, John. We know you’re a stand-up guy.