Insurers Urge Regulators to Keep McCarran-Ferguson
National News • June 6, 2007
Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws.
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Subject: RE: RE: Repeal of McCarren Ferguson Act
Posted On: June 6, 2007, 2:06 pm CDT
Posted By: Capitalist...
Comment:
Sam,
Valid point...but the critics have been just as harsh in a different, yet similar business of retail with Wal-Mart and their(monopolistic)tactics and market clout. Smaller outfits are surviving and even thriving within that sector that is as free from regulation on the state or federal level as any sector can get. Free-market capitalism, without the sheild of over-bearing and protective legislation, self corrects. It will correct itself, too, in the insurance marketplace. I assure you, I am not in support of no regulation alltogether. You will always have the deceptors and frauds in any market. Let the insurance companies have at it...it is a natural progression and evolution that must occur in the expanding free-market world -- personal insurance is long over do to experience.
Subject: RE: RE: Repeal of McCarren Ferguson Act
Valid point...but the critics have been just as harsh in a different, yet similar business of retail with Wal-Mart and their(monopolistic)tactics and market clout. Smaller outfits are surviving and even thriving within that sector that is as free from regulation on the state or federal level as any sector can get. Free-market capitalism, without the sheild of over-bearing and protective legislation, self corrects. It will correct itself, too, in the insurance marketplace. I assure you, I am not in support of no regulation alltogether. You will always have the deceptors and frauds in any market. Let the insurance companies have at it...it is a natural progression and evolution that must occur in the expanding free-market world -- personal insurance is long over do to experience.