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Spitzer Had To Go, But...

No doubt many in the insurance industry are dancing with glee over the demise of New York's wayward governor, Eliot Spitzer, who resigned in the wake of a prostitution scandal. But no matter how far

By Staff Writer | Updated on March 16, 2008

No doubt many in the insurance industry are dancing with glee over the demise of New York’s wayward governor, Eliot Spitzer, who resigned in the wake of a prostitution scandal. But no matter how far he has fallen, it doesn’t change the fact that as attorney general Mr. Spitzer exposed a seamy side of the business, putting carriers and brokers on notice that misleading policyholders or investors won’t be tolerated. That will be his legacy.

In my blog, I called on Gov. Spitzer to step down right after his criminal behavior was revealed, but I do not celebrate his downfall. Any cheers you hear come from those in the peanut gallery who mistake his reformer’s zeal for persecution.

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