Covering the alien reinsurer collateral dispute has been one of the more fun issues for me as a reporter this past decade. The arguments are relatively simple, particularly when repeated ad infinitum.
But unfortunately there is no one to say, "Stop! You are both right!" The arguments have gone on and on, with even a two-year time-out when the parties attempted to work through their differences in private.
And so this weekend in San Antonio, at the winter meeting of the National Association of Insurance Commissioners, the issue will be joined, with a group of regulators putting up purportedly their best and final offer, challenging domestic carriers to get off the stick and solve this problem.
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