Tuesday, July 20, 2004
Unscrupulous insurance agents: The New York Times has a good series of articles on scumbucket insurance agents who take advantage of young GIs.
However, even while they're rightfully exposing a great fraud, you can see see that they're failing when it comes to honesty.
[W]hen Lanny Peavy, president of American Amicable Life Insurance of Waco, Tex., learned that his company might be banned from selling insurance on every Army base in the world, he did what any citizen might do. He turned to his congressman.
And he got results. The congressman, Representative Chet Edwards, held a meeting at his Capitol Hill office with the insurance executive and two senior Army officials.
Minutes of the meeting, in March 2000, show that Mr. Peavy apologized for the misconduct of more than a dozen agents who over the years had violated the Army's rules against improper and misleading sales practices. He promised to take remedial action. Then he was told that the Army had decided against a worldwide ban.
This raises a question. What's the political affiliation of Rep. Edwards? Well, he's a Democrat, but you have to read to Page 3 of the 6 sections the article is divided into to find that out.
I'll be brutally honest here. I think most GOP congressmembers would have done the same thing, but I also think that their party affiliation would have been disclosed by the Times on the first reference.