This position is the watchdog for the insurance industry. Why anyone would think putting an insurance agent (Adams) in place as a watchdog for the industry is a mystery to me. John A. Adams believes in
creative solutions to expand insurance coverage. Coming from an agent, I suspect that means he wants to unfetter the industry so it could (in theory) offer all sorts of new insurance options at lower cost. Possibly. But the way insurance works, someone needs to hold their feet to the fire to pay up when disaster strikes. The idea that the free market will force them to honor their obligations is ludicrous. Consumers pay up front. Insurance companies can take the money and run. There’s just too much incentive to meet profit objectives by denying claims. You want someone independent of the industry like Kreidler to be the watchdog.