Insurance is at the core of mitigating and regulating risk in modern society. Insurance can provide access to medical care, mitigate the shock of short-term financial losses, and create long-term financial-security. But understood properly, insurance does more: it also serves as a private regulator in our everyday lives. Insurance influences the way drivers drive, homeowners protect their homes, and the way lawyers practice their profession. Insurance is, quite simply, an essential part of daily life. As such, it is an essential part of the study and practice of law.