Insuring aganist Regulatory Catastrophe: Compound, or Compact?

Markets are increasingly global. From raw produce to digital downloads, from political consulting to athletic competition, national origin is increasingly irrelevant to the modern marketplace. Global trade negotiations, designed to generate rules of engagement for a dizzying array of products and services crossing hundreds of national boundaries, have become so unwieldy they risk collapsing of their own political weight.

Nowhere are the good, bad, and ugly sides of globalization more apparent than in financial services; particularly in the U.S. market for insurance.