NU Online News Service, Feb.4, 11:26 a.m. EST
WASHINGTON–Legislation will be introduced in the House tomorrow repealing the antitrust exemption afforded health and medical liability insurers through the McCarran-Ferguson Act.
The bill that will be introduced will not include a provision contained in an earlier version providing express enforcement authority to the Federal Trade Commission with respect to "unfair methods of competition" for all types of insurance, according to insurance industry lobbyists.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
