AIA moves to modify McCarran Act. (American Insurance Association; McCarran-Ferguson antitrust immunity law)

National Underwriter Property & Casualty-Risk & Benefits Management, March, 1991 by Brostoff, Steven

AIA Moves To Modify McCarran Act WASHINGTON - The American Insurance Association is developing a proposal to modify the industry's McCarran-Ferguson antitrust immunity. AIA President Robert E. Vagley said that the effort will attempt to address the concerns of McCarran-Ferguson critics while at the same time protect the industry's "essential business interests." He told a press briefing that the Washington-based AIA is currently working on a precise definition of "essential business interests." However, Mr.

Vagley added, the issue is on a "fast track" at AIA and a definition of "essential business interests" should be ready within 60 days. "It's in everyone's interest to proceed quickly," he said. Mr. Vagley did identify three areas that are...

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