Joel Wood should be a blogger. The senior vice president of government affairs for the Council of Insurance Agents and Brokers is a colorful writer with a lot to say, providing valuable insights on a host of controversies inside and beyond the Beltway in his regular column to members. The latest example is his post about last week's extraordinary pow wow with the National Association of Insurance Commissioners to talk about federal regulation, which he opens with the keen political maxim that “the foot you step on today is connected to the ass that you have to kiss tomorrow.”
Mr. Wood's internal memo related how he was a bit nervous about being invited to the NAIC meeting with three other industry groups–PCI, NAMIC and the IIABA–all far more friendly historically towards state regulation.
“For years, as a national trade association spokesman, Ive been guilty of reflexively casting state insurance regulators as Fred Flintstone-like barriers to free and open competition,” he noted. “After all, how many times have I used the old line that the NAIC stands for 'No Action Is Contemplated?'
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