Is Federal Regulation Inevitable?

Incoming White House Chief of Staff Rahm Emanuel recently told the Wall Street Journal, "you never want a serious crisis to go to waste."

This statement seemingly echoes the sentiment of a wide swath of parties in the insurance industry—regulators, legislators, lobbyists and carriers—who see the financial crisis as providing a unique opportunity to rewrite the rules under which the industry operates. (Reg. req'd. -- free)