They say the more things change, the more they remain the same. That certainly holds true for insurance. Looking over bound volumes of NU from 1985 (for a good laugh, note my column sketch from back then), seeking background for my column on our former managing editor, Tom Maher, I read our coverage of regulation, tort reform and health care costs in stories that could be reprinted today, with few noticing they were actually 23 years old!
For example, in a report from the Monte Carlo Rendezvous of 1985, our former assistant managing editor, David M. Katz (now a multi-award winning deputy editor at cfo.com), wrote the following in a story headlined: "Greenberg Attacks State Regulation."
"The current state system contains too many consumer advocates who are too little concerned with insurer solvency," according to Hank, then president and CEO of AIG.
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