Head of Antitrust Division Questions the Continued Need for an Insurance Industry Exemption
October 2009
Congress once again is considering a repeal of the McCarran-Ferguson Act. The Act currently provides insurers an exemption from the federal antitrust laws for the “business of insurance” to the extent that it is “regulated” by state law. The sixty-four year old Act was passed in reaction to a Supreme Court decision that Congress and others believed could undermine the states’ authority to regulate the business of insurance by exposing certain practices to scrutiny and lawsuits under the federal antitrust laws. Read More...
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