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Money Magazine documented in detail in all 50 states the ways that the $3.1 trillion insurance industry dominates the regulatory system that is supposed to police it. Among the major findings: that at least 15% of legislators on insurance committees in sate legislatures nationwide work for or are otherwise affiliated with the industry; that state insurance commissioners often serve the industry, sometimes as lobbyists, before assuming office and then go on to high-paying industry jobs after leaving office; and that the industry further subverts the regulatory process by showering state and federal legislators with millions of dollars in campaign contributions and lobbying money. As a result of the industry's influence over regulators, the article contends that consumers pay an estimated $65 billion a year more for insurance coverage than they otherwise would. (August, 1996)