One of the more outspoken consumer advocates–Birny Birnbaum, executive director of the Center for Economic Justice–is packing it in as an NAIC-funded representative, complaining the deck is stacked against him and his colleagues because of the overwhelming advantage insurers enjoy in terms of resources.
The fact that the National Association of Insurance Commissioners even pays to have consumer advocates attend its national meetings demonstrates NAIC's commitment to keeping the public involved when formulating national regulatory policies.
Still, I can appreciate how overwhelmed Mr. Birnbaum and his colleagues must feel, as their little band of Davids is hard put to match the lobbying firepower of insurance industry Goliaths.
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