April 01, 2005

"There is a nervous, ostrichlike mentality prevalent in the insurance industry at the moment, as company and association executives keep their heads down for fear of being targeted by Mr. Spitzer or other regulatory gunslingers looking to make a name for themselves. Mr. Spitzer already has several big notches in his gun belt, but, as in the proverbial Western morality play, perhaps now is the time for the honest townsfolk to defend themselves and make a stand." -- Paul Winston, editorial director of Business Insurance magazine, in his latest column. More: E.L. Eversman comments, and also see Larry Ribstein's remarks on Spitzer.