After more than 10 years reporting on this industry, I finally got an opportunity this summer to cover a meeting of the National Association of Insurance Commissioners.

Many of the stories I've heard about NAIC meetings painted two unflattering portraits.

Some viewed the exercise as hours of droning bureaucratic conversation, while others described the get together of insurance regulators as a pageant for career opportunists whose primary interest is the next step in their political lives, or going through the revolving door to secure a well-paying position in the private sector.

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