The National Conference of Insurance Legislators has urged the U.S. Senate Judiciary Committee to “proceed with caution” in considering legislation to repeal the insurance industry's limited antitrust exemption.

At issue is S.618–the Insurance Industry Competition Act of 2007–eliminating the McCarran-Ferguson Act's exemption for insurers, which NCOIL warned would have negative consequences.

S.618 was introduced by Senate Judiciary Committee Chair Sen. Patrick Leahy, D-Vt., with cosponsors including Sen. Trent Lott, R-Miss.; Mary Landrieu, D-La.; Harry Reid, D-Nev.; and Sen. Arlen Specter, R-Pa. Copies of the letter were sent to the bill's sponsors.

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