Election Day Preview: Insurance Is On The Ballot, Too
November 6, 2018 by John Hilton
Tuesday’s midterm Election Day is filled with fascinating races coast to coast – from the Florida gubernatorial contest to the Texas Senate race, with control of Congress hanging in the balance.
Not as many people are paying attention to the expected turnover among state insurance commissioners.
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Most insurance commissioners are lawyers who know little about the industry, agreed Sheryl Moore, president and CEO of Moore Market Intelligence. It is especially problematic for insurance and annuity sellers.
“Typically, when I talk to these folks, not only do they have absolutely no idea how life insurance or annuities work, much less how they are sold, they don’t know the difference between the different types of products: fixed, indexed or variable,” Moore said.