Insurance companies are lobbying to change the rules so they can keep less reserves for life and annuity contracts.

They claim the current reserve requirements are too conservative.

The goal of the insurers is to free up some $22+ billion dollars collectively. They are being impacted by the economy too.

But at the core of their fight is this - some are facing the need to sell precious real estate to meet the minimum guarantees in the contracts.

But it scares the you know what to think state regulators would lower those reserve limits. Murphy's Law. It will come back to bite us.