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Senators Set To Testify On Insurance Competition Issue

WASHINGTON--Two senior senators from coastal states will be the lead witnesses next Wednesday when the Senate Judiciary Committee holds a hearing on whether the antitrust exemption enjoyed by insurers

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WASHINGTON–Two senior senators from coastal states will be the lead witnesses next Wednesday when the Senate Judiciary Committee holds a hearing on whether the antitrust exemption enjoyed by insurers through the McCarran-Ferguson Act is good for consumers.

The decision to hold the hearing led a number of insurance industry trade groups to voice concern about Congress’ course on insurance regulation this year.

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