David Lyons

  • 1990-1994 - Iowa Insurance Commissioner
  • Commissioner David Lyons (Iowa) asked Ms. Faucett to describe the quotation by her that had recently appeared in the New York Times.
    • She said she was quoted as saying that if you put 10 actuaries in a room you would get 40 conclusions about what the numbers they were examining meant. 
    • She thought it was important for buyers to see how the policy would work but the current approach of the working group would not allow that to happen.
    • Ms. Faucet responded that people spend more time buying a microwave than they do an insurance policy.
    • [Bonk: Ms. Faucett = Judy Faucett, Actuarial Consultant to the NAIC] 
    • <WishList = New York Times Article - " 10 actuaries in a room">

1994-1, NAIC Proceedings

  • But for now, Mr. Lyons said, "the public's and the politicians' perceptions of sales abuses have been so raised that people are ready to accept more radical approaches."

1994 0308 - NYT - Regulators Seek Limits on Insurer Sales Pitches, by Michael Quint  ---  [BonkNote]  ---  [link]