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Industry: Email Alert RSS FeedInsurance industry faces tough battle on McCarran. (McCarran-Ferguson Act)
National Underwriter Property & Casualty-Risk & Benefits Management, April, 1989 by Brostoff, Steven
Insurance Industry Faces Tough Battle On McCarran WASHINGTON--The insurance industry faces a tough battle in Congress to keep the McCarran-Ferguson Act intact, industry representatives believe. "This is the McCarran-Ferguson sweepstakes," according to Paul A. Equale, vice president of government affairs for the Independent Insurance Agents of America, New York.
"Anyone can enter; anyone can win." These comments came soon after two major efforts to repeal or restrict McCarran were launched in the House and the Senate. In the House, Judiciary Committee Chairman Jack Brooks, D-Texas, and long-time McCarran opponent Don Edwards, D-Calif., introduced a bill that would retain the shell of McCarran but subject certain specified activities--such as rate-setting,...
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