WASHINGTON–House lawmakers will introduce bi-partisan legislation this week to radically alter the insurance industry's long-standing exemption from federal antitrust law.

The measure is being sponsored by Rep. Peter Fazio, D-Oregon, Rep. Bobby Jindal, R-La., and Rep. Gene Taylor, D-Miss., among others, according to a memo obtained by National Underwriter that Rep. Taylor sent to House colleagues.

Rep. Taylor recently settled a legal battle with his insurer, State Farm, over Hurricane Katrina damage to his Gulf Coast home.

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