Business Services Industry
Congress set to consider insurer antitrust repeal; McCarran-Ferguson has little direct impact on risk managers.(News)
Business Insurance, February, 2007 by Hofmann, Mark A.
Byline: MARK A. HOFMANN WASHINGTON-Possible repeal of the McCarran-Ferguson Act's limited exemption from federal antitrust laws for insurers is unlikely to have any dramatic immediate impact on risk managers, say observers. But some observers hold that a repeal could have an indirect impact, and could complicate the debate over whether insurers and producers should be allowed to choose to be regulated under a possible federal charter rather than state charters.
The McCarran-Ferguson Act does not provide for federal charters, making states the primary regulators of insurance. A bipartisan group of lawmakers introduced bills in both the House and the Senate earlier this month that would repeal insurers' limited antitrust exemptions (BI, Feb. 19). The...
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