Is Insurance Going the Way of the S & Ls?

Introduction

Insurance company failures have doubled in the past two years, raising the fear that the United States may be headed for another financial crisis on the scale of the S & L debacle. Industry spokesmen deny that insurers' financial woes are of that magnitude, but many support measures that would improve the existing state regulatory system. They generally don't want the federal government to step in, but there is a move afoot in Congress to do precisely that.

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