Insurers, Producers Man Battle Stations In Fight To Save Antitrust Exemption

Industry says repealing McCarran would do consumers more harm than

By Arthur D. Postal | Updated on February 25, 2007

Legislation to repeal the insurance industry’s longtime antitrust exemption under the McCarran-Ferguson Act is so radical and potentially harmful that all sectors of the business have made it their first priority to kill, or at least substantially modify the bill in Congress.

The legislation–S. 618, the Insurance Industry Competition Act of 2007–would impose federal regulation on top of the current state regulation, according to the consensus of industry lobbyists and lawyers.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
Educational webcasts, resources from industry leaders, and informative newsletters.
Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account? Sign In Now

Recommended Stories

States with the most winter weather loss

Brittney Meredith-Miller | February 08, 2023

In 2021, there were a reported 236 winter weather related deaths in the U.S.

Banking and Cannabis: Best buds or up in smoke?

Patricia L. Harman | February 08, 2023

Green Check Verified SVP Peter Su addresses the financial factors affecting cannabis-touching entities.

Resource Center

As we head into the new year, insurers all have a part to play in defining the outlook and future. Insurability, underinsurance, climate change and customer experience are all daunting challenges. Download this white paper to learn about the current state of insurance and what to look out for in 2023.

White Paper

Sponsored by Arturo

Insurance Outlook 2023

As we head into the new year, insurers all have a part to play in defining the outlook and future. Insurability, underinsurance, climate change and customer experience are all daunting challenges. Download this white paper to learn about the current state of insurance and what to look out for in 2023.

Browse More Resources ›

This on-demand webinar shares new data and statistical analysis regarding the ongoing knowledge transfer being seen in the marketplace. Discover ways to help strengthen relationships between carriers and agencies.

On-Demand Webinar

Sponsored by Vertafore

The ABCs of Generations X, Y and Z

This on-demand webinar shares new data and statistical analysis regarding the ongoing knowledge transfer being seen in the marketplace. Discover ways to help strengthen relationships between carriers and agencies.

Browse More Resources ›

As property risk shifts to reflect a changing climate, having accurate, updated geolocation data is more important than ever. Download this white paper and learn how you can gain access to rich geolocation data that provides a current, complete picture of a property to be assessed.

White Paper

Sponsored by Melissa

Effective Use of Geolocation to More Accurately Manage Risk

As property risk shifts to reflect a changing climate, having accurate, updated geolocation data is more important than ever. Download this white paper and learn how you can gain access to rich geolocation data that provides a current, complete picture of a property to be assessed.

Browse More Resources ›

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2023 ALM Global, LLC. All Rights Reserved.