The president of the National Association of Insurance Commissioners last week 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, Walter Bell–who is also insurance commissioner of Alabama–said it was essential that small insurers have access to claims and other data to remain competitive.
Earlier this month, Sen. Trent Lott, R-Miss.–who is championing a bill that would strip the insurance industry of its federal antitrust exemption–suggested that concerns about the impact on smaller insurers might be eliminated by simply allowing them to continue sharing data.
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