North Dakota Insurance

Zelphoe Maloney, has three hair salons in Albuquerque, New Mexico, she knew before a battle, when a doctor said in May 2004 it had 50 percent chance of dying shortly thereafter, unless she had a bone marrow transplantation bone.

What they do not provide, was a struggle with his health insurance - and then with the State Department of Insurance.

Lovelace Sandia Health Systems, Inc. Maloney’s insurance company, told him of the transplant procedure was not a threat against life in the form of lupus, a disease in which the immune system and rear de los attacks bodies.

Maloney, 42, Lovelace presented the decision of the New Mexico Insurance Division, which helps consumers a fair treatment of insurance companies. A jury then designates insurance Superintendent Eric Serna recommended rejecting his claim on Serna September 2004, and reaffirmed the group because of its decision.

What Maloney did not know at the time was that Serna was not only a state regulatory authority, it was also a founder and president of a non-profit corporation, Con Alma Health Foundation, which received $ 60300 contributions from Albuquerque-Lovelace in 2002 after 2004, after Con Alma’s tax returns.

Feeling Abandoned

“ It is a conflict of interest,’’said Maloney, finally received a transplant paid for by donations anonymous. “ The regulatory authorities should be working for us. I feel frustrated and totally powerless. I feel like a small ant.”Maloney experience is symptomatic of a fragmented regulatory system, 150 years ago, gives each state the power to regulate insurance companies.

Licensing of insurance services, they check the protection of capacity to pay, and in 39 countries, set rates. The agencies are also responsible for the protection of policyholders before the unfair treatment, including refusal of payment of claims. You can check, because the force insurers to pay insurance, publishing fines and revocation of licences.

Each state regulates as it wants. While departments, sometimes failing parenthesis, regulators in Connecticut, Illinois, Mississippi and New Mexico have little time to help consumers, failing to punish or businesses, according to the Court files and backlog of appeals insurance department.

State regulators markets as well as insurance Boostern by clicking on the travel industry and paid for trade promotion. Fifty per cent of insurance commissioners in the past two decades, or 74 of 148 regulatory authorities, came and insurance jobs and blurred the differences between government and industry.

Commissioners Jailed

Insurers spend millions of dollars annually to influence the regulatory authorities and public officials, insurance laws, sometimes leading to corrupt practices, four commissioners who in prison since 1991.

Insurance services are often not aware of their mission to protect consumers, the State and the Court of discs.

“ Many of them are paranoia, the switch or they are prisoners of their constituency, Corporate,’’said Connecticut Attorney General Richard Blumenthal was, other lawyers from the State General Company d ‘insurance Probing abuse and showed that the Congress of USA Insurance Regulatory too low. “ They are often more favorable than the insurance companies of insurance.”

Insurance companies, the annual premium revenues of $ 1 billion and assets of 6.1 trillion dollars in 2006 to the USA, reach families everywhere - if someone is sick, buying a house or dies . The industry has never surveillance focuses on the nature, Wall Street receives from the U.S. Securities and Exchange Commission.

Regulating the state sector was established in 1944, the Supreme Court of USA concluded that the insurance period of international trade and, therefore, subject to supervision by the Confederation. In 1945, Congress passed the law McCarran-Ferguson Act, the information received from state regulation, while the Congress the power to operate the system.