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Antitrust for the Insurance Industry American Bar Association, Antitrust Section Insurance Industry Committee Program New York, New York May 17, 2006.

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Presentation on theme: "Antitrust for the Insurance Industry American Bar Association, Antitrust Section Insurance Industry Committee Program New York, New York May 17, 2006."— Presentation transcript:

1 Antitrust for the Insurance Industry American Bar Association, Antitrust Section Insurance Industry Committee Program New York, New York May 17, 2006

2 The principal federal antitrust law is the Sherman Act. For whom is it named?

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4 The Sherman Act, enacted in 1905, is named after its principal sponsor, Senator John Sherman of Ohio (who also happened to be General William Sherman’s little brother). Singer Bobby Sherman John Sherman, Senator, Ohio, 1861-1877, 1881-1897 Civil War General William Sherman Actor Sherman Hemsley Mr. Peabody and “His boy Sherman”

5 The McCarran-Ferguson Act provides the insurance industry with a limited exemption from the federal antitrust laws. The Act is named for Senator Patrick McCarran of Nevada and which famous “Ferguson?” And? Patrick A. McCarran Senator, Nevada, 1933-1954

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7 Senator Homer Ferguson of Michigan, Of Course! Chicago Cub Ferguson Jenkins Jazz Musician Maynard Ferguson Late Night Host Craig Ferguson Homer Ferguson Senator, Michigan, 1943 -1955 Sarah Ferguson Duchess of York

8 The Principal California State Antitrust Law is the Cartwright Act. For which famous Cartwright is it named? Adam Little Joe Pa Hoss

9 It was California State Senator George W. Cartwright But since I don’t have his picture, we’ll just improvise and use Chicago Bull Bill Cartwright!

10 To whom can you turn to learn this, and other, important information about the antitrust laws? Perry Mason Atticus Finch Ally McBealDenny Crane

11 No, not likely! No, not likely!

12 So where are you going to turn?

13 Our Program Today 1111:30Antitrust Issues in Insurance Mergers Keith Shugarman and Todd Hahn Goodwin Procter LLP 2222:00Ratemaking and Policy Form Creation Issues Mike McCluggage Wildman Harrold Allen & Dixon 2222:30Alternative Legal Claims Advanced Against Insurers Luanne Sacks DLA Piper Rudnick Gray Cary US LLP 3333:00Intermission 3333:15New York’s Insurance Investigation Peter Bernstein Assistant Attorney General, N.Y. A.G. Office 3333:45Update on the McCarran-Ferguson Act Bill Katz Thompson Knight LLP 4444:15Insurer Relationships with Third Parties -- Agents, Brokers and Providers Jim Burns Vorys Sater Seymour and Pease LLP I HOPE THAT YOU ENJOY OUR PROGRAM!


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