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Federal Courts and the Regulation of the Insurance Industry: An Empirical and Historical Analysis of Court's Ineffectual Attempts to Harmonize Federal Antitrust, Arbitration and Insolvency Statutes with the McCarran-Ferguson Act - 1941-1993

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dc.contributor.author Rice, Willy E.
dc.date.accessioned 2010-03-02T20:12:40Z
dc.date.available 2010-03-02T20:12:40Z
dc.date.issued 1994
dc.identifier.citation 43 Cath. U. L. Rev. 399 en_US
dc.identifier.uri http://hdl.handle.net/10601/74
dc.description.abstract This Article presents both historical and empirical evidence to support the view that the Supreme Court and the lower federal courts are inferior forums for resolving insurance-related controversies. It is amply apparent that "inferior" is an appropriate description of federal courts that have tried to harmonize federal antitrust, insolvency, and "superpriority" statutes with key sections of the McCarran-Ferguson Act. Part I presents a brief overview of the McCarran-Ferguson Act and the Act's allocation of power among state governments, federal agencies, and courts. In particular, Part I examines the origin and breadth of the courts' power to regulate the insurance industry. Parts II, III, and IV offer several discussions of inter-circuit conflicts involving key provisions of the McCarran-Ferguson Act. Specifically, Part II discusses the inter-circuit conflict over the definition of "business of insurance." Does the definition encompass both "for-profit" and "nonprofit" insurers? Or are the nation's Blue Cross and Blue Shield companies engaged in the "business of insurance"? Unquestionably, a serious conflict exists among federal courts of appeals over these and similar questions. Moreover, this disagreement is producing significant problems for both consumers and the insurance industry. This Article concludes that the movement to reform the McCarran Ferguson Act is misplaced. Instead, Congress should prevent federal courts from deciding any legal issue or question concerning the business of insurance or the massive insurance industry. en_US
dc.language.iso en_US en_US
dc.publisher Catholic University Law Review
dc.relation.uri http://heinonline.org/HOL/Page?public=false&handle=hein.journals/cathu43&men_hide=false&men_tab=citnav&collection=journals&page=399
dc.relation.uri https://advance.lexis.com/api/document/collection/analytical-materials/id/3S3V-1MW0-00CW-B1KB-00000-00?context=1000516
dc.relation.uri https://a.next.westlaw.com/Document/Ic2a78fd136ea11db8382aef8d8e33c97/View/FullText.html
dc.subject Insurance en_US
dc.subject McCarran-Ferguson Act en_US
dc.subject Regulation en_US
dc.title Federal Courts and the Regulation of the Insurance Industry: An Empirical and Historical Analysis of Court's Ineffectual Attempts to Harmonize Federal Antitrust, Arbitration and Insolvency Statutes with the McCarran-Ferguson Act - 1941-1993 en_US
dc.type Article en_US


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