Panel To Review Repeal Of Insurer Antitrust Exemption

Law360, New York (May 18, 2006, 12:00 AM EDT) -- In response to a proposed bill that would give insurers the option to waive their exemption from antitrust law, a Senate panel plans to evaluate the McCarran-Ferguson Act, which was passed more than 60 years ago.

On May 24, Senator Arlen Specter (R-P.A.) will head up the Senate Judiciary Committee as chair for the hearing to examine the potential impact of repealing the insurers’ exemption from antitrust law.

Large insurers have long voiced opposition to inefficient state regulation and have supported creating one federal regulator in...
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