WASHINGTON–Sen. Trent Lott, R-Miss., suggested at a committee hearing today that legislation he supports to repeal the anti-trust exemption for insurers could be modified to exempt small carriers.

The lawmaker, speaking at a session of the Senate Commerce Committee, said his bill to end insurers' limited anti-trust exemption under the McCarran-Ferguson Act could provide a “safe harbor” from anti-trust laws for small insurers with $2 billion or less of insurance in place.

Repeal of the insurance industry's antitrust exemption under McCarran-Ferguson is among several bills Sen. Lott has proposed to “fix some of the problems” he finds with the insurance industry as a result of its handling of claims resulting from Hurricanes Katrina and Rita in 2005.

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