On July 17, 2008, Charlie Richardson moderated a discussion at the 16th Annual Legal Seminar of the National Organization of Life and Health Insurance Guaranty Association in Boston on the future of insurance regulatory modernization in Congress and beyond. Karen Shaw Petrou of Federal Financial Analytics talked about the current economic turmoil and its implications for Congress's interest in insurance. Illinois Insurance Director Michael McRaith, ACLI President and former Oklahoma Governor Frank Keating and NOLHGA President Pete Gallanis had a hard-hitting debate over state v. federal regulation and how best to benefit consumers, companies and the insurance sector generally. Petrou's remarks are at http://www.nolhga.com/pressroom/main.cfm.