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Perfect day. Gary has the details coming up for us. Good morning to you it was perfect yesterday. It really was. Were glad youre with us this tuesday im holly morris. Im maureen umeh. Today is national what was it again. Flag day. National flag day. Okay wave your flag. Gary and erin to the news well talk b again about tragedy in orlando. Investigators are looking into reports that shooting suspect omar matt each was regular at the night club pulse where he gunned down more than 1 owe 0 0 people killing 49. Mateen would sit and drink by himself and at times get drunk and act belligerently this comes limited to the Lgbt Community. Were working to understand what role antigay bigoty may have played in motivating this attack an attack that occurred during the very month we recognize and celebrate lgbt brother and signatureers. Fbi says they found no evidence that the gunman had grekt direct contact with isis and described his as home ....
In addition to my responsibilities intimacy, i serve in leadership roles on the National Association of Insurance Commissioners. And as a member of the federal advisory committee. I spent most of my career and insurance regular can, previously serving in kentucky. I have a strong affinity for the statebased oversight. My testimony today will highlight the history of tennessee coops. My comments will focus on events this year that ultimately led to on october 14. They were awarded loans and advances to launch the company. In first offered plans 2014 with plans and five of disease eight Service Areas of tennessees eighth Service Areas. Options,mited network the company memberships and rate challenges were compounded by a population that was love healthy a ....
To the other plan raise costs . Every plan lost. That is what i understand. They had to underbid. Some survived and some did not. We did not have any company accurately. And so some of our larger established companies could withstand losses, but the coop did not have resources available. What would you say are the top reasons, 1200 the 23 failed . Internal problems, too. Do you have insight into the top reasons why they fail . I do not know what happened in the other groups surprising payments a set of receivables. Why dont we just suggest that there were no mistakes made by management in coops , but if you look across the marketplace where you see is that this was a competitive marketplace and Insurance Companies priced aggressively. The difference was they did not have other business and surplus, and their capitol was continuously reduced and whenwhen the commissioner talks about learning to sail in a hurricane that is espe ....