WASHINGTON–Two senators from states where insurers' handling of hurricane claims has been controversial testified today that part of the problem is the companies' antitrust exemption.
Sen. Mary Landrieu, D-La., and Sen. Trent Lott, R-Miss., the Senate minority whip, made their comments during a Senate Judiciary Committee hearing on “The McCarran-Ferguson Act: Implications of Repealing the Insurers' Antitrust Exemption.”
The committee is considering a measure to eliminate the exemption.
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