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Saturday, June 8, 2024

Regulators issues CDO vs two insurance companies

It is more fun criticizing

A government watchdog has ordered two non life insurance companies to be placed under conservatorship, probably due to difficulties in compliance with regulations and/or unsound insurance practices.  3 such regulatory bodies have been alert in going after banks, pre need companies, and other parties engaged in violation of Securities Code.

Do you think we need strong government regulations to go after companies operating illegally?

Do you think they should be more developmental rather than regulatory in their approach?