It's the insurance industry's worst nightmare–Congress seriously considering a bill to repeal its longtime exemption from federal antitrust laws. The mood on Capitol Hill towards the industry is ugly these days, in the wake of alleged mishandling of Hurricane Katrina claims. What do you think would happen if both the Justice Department and Federal Trade Commission were given authority over insurers? Would it seriously hinder the industry's operations? Lower profitability? Would it hasten outright federal regulation?
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
