Alabama Insurance Commissioner Walter Bell's move to a senior position at a major reinsurer fails the proverbial smell test miserably. So blatant and audacious a disregard for appearance and propriety can only be called shameless. Unfortunately, it is but the latest in a string of shameless moves of commissioners to the ranks of the industry they were charged with regulating.

Yes, my friends, we are back to taking one more turn through the revolving door headquartered in Kansas City, Mo., and otherwise known as the National Association of Insurance Commissioners, which Mr. Bell once led as president.

It was announced on Aug. 19 that Mr. Bell was leaving the Alabama department to become chairman of Swiss Re America Holding Corp.

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