WASHINGTON--NAIC President Walter Bell today ruled out support by state regulators for a safe harbor for small insurers from antitrust laws in a post-McCarran-Ferguson Act world.
In comments after a speech to life insurance agents meeting here, Mr. Bell, also insurance commissioner of Alabama, said it was essential that small insurers have access to claims and other data in order to remain competitive.
He acknowledged, however, that removing large insurers from the mix would make it too expensive for small insurers to access the data, and also make it difficult for Insurance Services Office (ISO) to remain in business.
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