Cyrus Dugger

The Insurance Industry Meets Katrina

From the Drum Major Institute’s DMI Blog:

Barbara O’Brien

The Insurance Industry Meets Katrina

More than a year past the devastating hurricane season of 2005, the U.S. insurance industry is getting nervous. Class-action lawsuits and rebellious state legislatures are bad enough, but now some U.S. senators of both parties are threatening to revoke the McCarran-Ferguson Act, which exempts insurance companies from federal antitrust laws.

Yesterday Senate Majority Leader Harry Reid told bloggers on a conference call that “The insurance industry is the enemy.” (keep reading)

Posted at 12:00 PM, Feb 06, 2007 in Permalink | Comments (0) | TrackBack (0)