#5: New York Has A New Sheriff In Town!

When Eliot Spitzer was elected governor of New York, one couldn’t blame insurance carriers and brokers for fearing the worst from their old nemesis–who, as a crusading attorney general, had exposed bid-rigging, contingency fee abuse and balance sheet manipulation via finite reinsurance deals.

Much to the industry’s pleasant surprise, however, Gov. Spitzer, while at times offering tough love, was more helpful than hostile–acting decisively yet reasonably to solve a host of problems.