Insurance News

Posts Tagged ‘exemption

The House voted Wednesday to strip health insurance companies of their exemption from federal antitrust laws, a Democratic measure that could resonate with public concerns about insurers but that has an uncertain future in the Senate.

The provision passed on a 406 to 19 vote, with most Republicans joining all the House Democrats in voting for the measure.

President Obama has said he favors the idea of repealing the exemption, and Read the rest of this entry »

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The state?s highest court yesterday upheld the Massachusetts Division of Insurance?s decision to temporarily exempt auto insurance companies that are new to the Bay State from having to cover high-risk motorists.

The Supreme Judicial Court?s ruling was the result of a lawsuit filed by Arbella Mutual Insurance, a Quincy carrier that claimed Nonnie S. Burnes ?exceeded her authority?? when she was insurance commissioner and favored Read the rest of this entry »

WASHINGTON?Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.

A group of 10 trade groups, nine representing property and casualty and medical liability insurers and the National Association of Insurance and Financial Advisers, sent the letter Friday in anticipation that the House will soon vote Read the rest of this entry »

TALLAHASSEE, Fla.—Florida Gov. Charlie Crist on Thursday signed into law a measure restoring the surplus lines industry’s traditional exemption from rate and form regulation in the state.The Florida Supreme Court put the exemption into question last year when it ruled in Essex Insurance Co. vs. Mercedes Zota, et al , that surplus lines was only exempt from the rating section of Chapter 627 of Florida’s insurance statute but was subject Read the rest of this entry »