Repealing the insurance industry's limited antitrust exemption would actually cause more harm than good for consumers, according to an analysis released last week at the National Association of Mutual Insurance Companies' annual convention.
“If policymakers repeal McCarran, consumers will suffer substantial negative consequences resulting from a combination of weakened competition in the insurance industry and a myriad of regulatory, legal and operational problems generating costs that consumers must ultimately bear,” the report said.
It further notes that small and new insurers would be especially harmed by such a move, because they “have less in-house data to analyze than do large insurers…If these companies were forced to exit insurance markets due to increased costs of estimating losses, consumers would have fewer choices and markets would not be as competitive.”
Recommended For You
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
© 2025 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.
