It would be nice if we would undo enough regulation to give the invisible hand a fighting chance.
Seriously, I fight against insurance companies for a living, and it's absolutely true that insurance companies make things difficult as part of their business practice (some of them worse than others). But a lot of that is because of regulation.
And in addition, they scream out for more regulation because they use it as a shield against (1) lawsuits to punish them for unfair and deceptive practices, and (2) new competition.
And the WORST in my experience are governmental or quasi-governmental entities that are immune to suit for unfair insurance practices.