One reason I am skeptical about the latest efforts to impose federal regulation on the insurance industry is that I have lived through this debate many times over the years, and have yet to be convinced of the wisdom of moving authority over to Uncle Sam.

About 20 years ago, I tagged along with a group of New York agents during a lobbying trek to Washington. The chief topic was–what else?–federal regulation! We sat down with Sen. Alfonse D’Amato, the ever-calculating Republican, who shook his head in dismay as his constituents made their case to leave state oversight alone.

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